3 exciting small-cap tech shares to watch

One of my favourite areas of the market to invest in is the tech sector. One key reason that I’m a big fan of tech companies is their ability to scale and expand into other geographies with relative ease.

A prime example of this is would be Afterpay Touch Group Ltd (ASX: APT). After conquering the Australian market the company recently advised that it is looking into expanding into other markets and the U.S. market in particular.

Considering the size of that market, it has the potential to be a game-changer for Afterpay Touch if it can replicate its Australian success.

With that in mind, here are three small-cap tech shares with their eyes fixed on global success:

LiveHire Ltd (ASX: LVH)

This talent technology company’s recruitment platform allows its users to create a pool of pre-qualified job candidates that can be accessed when they need to recruit, saving recruiters both time and money. Although its cash receipts have been growing at a rapid pace, they may need to accelerate even further in FY 2018 in order to justify its lofty market capitalisation. Management does, however, estimate that its addressable market is worth $20 billion per annum.

Livetiles Ltd (ASX: LVT)

Up until recently LiveTiles was known as a fast-growing digital workplace platform provider. But thanks to its LiveTiles Bots technology, it is quickly gaining a reputation as an emerging force in the artificial intelligence market. The company has recently signed deals with tech giant Microsoft and Clean Energy Smart Manufacturing Innovation Institute (CESMII). If these agreements are a success then it could be on its way to achieving its goal of being a leader in the industry.

Yojee Ltd (ASX: YOJ)

In December this technology company announced that last mile deliveries on its Singapore logistics network grew 150% over the preceding month, to achieve an almost 700% increase over a six-month period. Despite the strong growth the company was able to maintain its service levels to a market-leading standard. I think the global logistics industry is ripe for disruption and Yojee is one of two ASX shares capable of achieving this.

Lastly, here are three more exciting tech shares that I believe are positioned perfectly to outperform in 2018.

The Disruptors: 3 Revolutionary Aussie Companies to Back for 2018

We’re living in one of the most exciting times in investing history. Innovation and a booming culture of entrepreneurship are constantly creating new companies with the potential to make forward-thinking investors very rich. Now more than ever, one small, smart investment could make a huge difference to your wealth.

That’s why at The Motley Fool we’ve been scrutinizing the ASX to uncover the kinds of companies that we believe could turn into the next Cochlear or REA Group.

We’ve found three exciting companies that we believe re poised to perform in the new year. Click here to uncover these ideas!

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of AFTERPAY T FPO. The Motley Fool Australia has recommended LIVETILES FPO. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

Two New Stock Picks Every Month!

Not to alarm you, but you’re about to miss a very important event! Chief Investment Advisor Scott Phillips and his team at Motley Fool Share Advisor are about to reveal their latest official stock recommendation. The premium “buy alert” will be unveiled to members and you can be among the first to act on the tip.

Don’t let this opportunity pass you by – this is your chance to get in early!

Simply enter your email now to find out how you can get instant access.

By clicking this button, you agree to our Terms of Service and Privacy Policy. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. You can unsubscribe from Take Stock at anytime. Please refer to our Financial Services Guide (FSG) for more information.