Sezzle Inc shares and 2 other small cap ASX techs surge higher today

Here well look at 3 ASX small cap dynamic tech shares, including Sezzle Inc, whic have surged higher today.

Phil Harpur

Phil Harpur has been contributing to Motley Fool Australia as a Freelance Writer since late 2019. Phil has spent the last 25 years working as a Senior Technology Analyst for some of the leading global technology research firms. Over the years, his market insights have been quoted in publications such as the AFR, SMH and the Australian, and he has appeared on business TV programs including Bloomberg, CNBC, Fox Business and the ABC. Phil is passionate about the share market and investing. He has post-graduate qualifications in Applied Finance and Investment from the Securities Institute of Australia. In his spare time, Phil likes to chill out listening to his favourite jazz artist or hanging out at the beach.

Published June 3, 2020 3:47 pm AEST

It's been another positive trading session for the S&P/ASX 200 Index (ASX: XJO), with the index up by 0.82% at the time of writing. The ASX is home to a dynamic and growing small-cap tech share market including Sezzle Inc (ASX: SZL), among others, which today have seen strong share price rises.

Let's take a look at three of those that have performed particularly well so far today.

Bigtincan Holdings Ltd (ASX: BTH)

Bigtincan has a business model that is centred on 'sales enablement'. This is a rapidly growing niche in the IT software market.

It is a capital-light and highly efficient business that has a subscription type model with attractive margins. However, the software-as-a-service (SaaS) provider was only listed on the ASX three years ago and is yet to become profitable. This makes it a relatively risky investment, despite its strong potential.

Bigtincan saw heavy share price falls in the early phase of the coronavirus crisis. However, since mid-March, its share price has rallied strongly. This rally has continued to today, up by another 7.8%, boosted by further positive market sentiment.

Wisr Ltd (ASX: WZR)

Small cap fintech provider, Wisr provides online lines for services such as debt consolidation, car loans home renovations, and travel. Its share price has surged 12% so far today. This follows on from a share price rally since March. However, its share price is still well down from its 12-month high in February.

Wisr was hit hard in the first wave of the pandemic, as discretionary consumer spending was impacted. However, growing consumer optimism is now seeing its share price start to lift higher.

Sezzle Inc (ASX: SZL)

Sezzle is a US-based buy-now-pay-later fintech provider. It is growing rapidly, however, is still a long way behind its much larger rival, Afterpay Ltd (ASX: APT).

Sezzle Inc share price has grown by over 500% since late March. It has risen another 4% higher today. This follows on from a 17% share price surge yesterday.

Sezzle has around 1.3 million users and is growing rapidly. It targets the Gen Z and millennial consumer demographics, like Afterpay and another rival Zip Co Ltd (ASX: Z1P).

Both of these two-market segments make up the largest proportion of all age demographics in the US. These segments are also very tech-savvy and are attracted to this type of online lending.

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