I think having a little exposure to the small cap side of the market would be a very good thing for a portfolio.
And while very few small cap shares will be as successful as Afterpay, there are a number on the market that have the potential to follow in its footsteps.
Three small cap shares I think have enormous potential are listed below:
Bigtincan Holdings Ltd (ASX: BTH)
Bigtincan is a fast-growing provider of enterprise mobility software. The company’s software allows sales and service organisations to increase their sales win rates, reduce expenditures, and improve customer satisfaction. This is achieved through improved mobile worker productivity. It counts a wide range of blue chips as customers and continues to grow during the pandemic. Bigtincan recently reaffirmed that it is on course to achieve organic revenue growth in the range of 30% to 40% in FY 2020.
Serko Ltd (ASX: SKO)
Serko is a technology company focused on innovative solutions that address the challenges of corporate travel and expense management. It was growing at a very strong rate over the last fews years thanks to the increasing popularity of its Zeno product. And while its performance looks likely to be negatively impacted by the coronavirus, I expect it to bounce back strongly once conditions ease.
Whispir (ASX: WSP)
Whispir is a software-as-a-service communications workflow platform provider. Its industry-leading software platform allows companies to deliver actionable two-way interactions at scale using automated multi-channel communication workflows. This helps make operations more efficient and can cut down the number of service desk support calls. It counts a number of big names as customers such as Disney and Foxtel.