A new month is upon us, so what better time to take a look at your portfolio and see if there is room for a few additions.
One area of the market which I continue to believe has a large number of quality options for investors to choose from is the mid cap space.
Three top mid cap shares which I think are worth considering are listed below:
Bravura Solutions Ltd (ASX: BVS)
Bravura is a leading provider of software products and services to the wealth management and funds administration industries. I think it has excellent long term growth potential due to the massive market opportunity of its Sonata wealth management platform and the recent acquisition of Midwinter for $50 million. The latter is expected to provide a new avenue for growth in an industry benefiting from structural tailwinds.
Nearmap Ltd (ASX: NEA)
Nearmap is a leading aerial imagery technology and location data company. It has been experiencing increasing demand for its services in both Australia and North America, leading to explosive sales growth over the last couple of years. The good news is that new product releases appear to have cemented its leadership position and have left it well-placed for further strong growth in FY 2020 and beyond
Zip Co Ltd (ASX: Z1P)
Another mid cap share to consider is Zip Co. This fast-growing buy now pay later platform provider was a standout performer in FY 2019 when it reported a massive 108% lift in transaction volume and a 138% increase in revenue. Key drivers of this were its 80% jump in customer numbers to 1.3 million and a whopping 154% increase in transactions processed to 4.8 million. Pleasingly, Zip Co looks well-positioned to continue its meteoric growth in FY 2020 thanks to the increasing popularity of this type of payment method with consumers and its expansion into new geographies and verticals.
