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3 exciting small cap ASX shares to add to your watchlist

If you’re thinking about investing in small cap shares, then you’re in luck. This is because the Australian share market currently has a good number of promising options at the small end of the market.

Three that I think are worth watching very closely in 2020 are listed below. Here’s why I have them on my watchlist:

Bigtincan Holdings Ltd (ASX: BTH)

Bigtincan is sales enablement automation platform provider. Its AI-powered platform features an industry-leading user experience that empowers sales and service teams to more effectively engage with customers and prospects. It has been growing in popularity in recent years and is now being used by a large number of blue chip companies. This includes AT&T, Merck, Nike, and Australia and New Zealand Banking Group (ASX: ANZ). The increasing adoption of its platform has supported exceptionally strong sales growth in recent years. Pleasingly, this has continued in FY 2020. In the first quarter Bigtincan’s customer cash receipts increased 56% to $5.3 million.

Dubber Corp Ltd (ASX: DUB)

Dubber is the fast-growing software company behind world’s most scalable call recording service. This service has been adopted as core network infrastructure by multiple global leading telecommunications carriers in North America, Europe and Asia Pacific. And it isn’t hard to see why. Its cloud-based technology allows businesses to record, manage and analyse their phone calls and communications. They can even use AI to analyse the emotions and stress levels of a caller. Demand for its offering has been growing strongly, leading to a massive 222% increase in active customers in FY 2019. This ultimately helped the company post a 132% jump in revenue to $7.4 million.

Whispir (ASX: WSP)

Whispir is a software-as-a-service communications workflow platform provider. It provides an industry-leading software platform that allows organisations to deliver actionable two-way interactions at scale using automated multi-channel communication workflows. Its software is used by big-name clients such as entertainment giants Disney and Foxtel. Strong demand for its services led to it generating revenue of $31.1 million in FY 2019. This was a 12% increase and ahead of its prospectus forecasts. I’m confident there will be more of the same in FY 2020.

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James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of BIGTINCAN FPO. The Motley Fool Australia has recommended BIGTINCAN FPO and Whispir Ltd. 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 Scott Phillips.