If your risk tolerance allows you to invest in small cap ASX shares, then I think the ones listed below could be worth considering.
I believe all three small cap shares could be destined for big things in the future. Here's why I think you should add them to your watchlist:
Bigtincan Holdings Ltd (ASX: BTH)
The first small cap share to watch closely is Bigtincan. It is a fast-growing provider of enterprise mobility software. The company's software allows businesses to increase their sales win rates, reduce costs, and improve customer satisfaction through improvements in mobile worker productivity. Demand for its software has been growing strongly in recent years and has continued during the pandemic. As a result, the company remains well-placed to deliver strong revenue growth in FY 2020.
Nitro Software Ltd (ASX: NTO)
I think Nitro Software is another small cap ASX share that is worth watching closely. Nitro is a software company which is aiming to drive digital transformation in businesses around the world across multiple industries. The main product in its portfolio is the the Nitro Productivity Suite solution. This solution provides integrated PDF productivity and electronic signature tools to customers through a horizontal, software-as-a-service, and desktop-based software solution.
Whispir (ASX: WSP)
A third and final small cap share that I think could have a bright future is Whispir. It is a growing communications platform as a service (CPaaS) provider which offers an industry-leading software platform. This clever platform allows organisations to deliver actionable two-way interactions at scale by using automated multi-channel communication workflows. Management notes that it has a long runway for growth. The CPaaS market is growing at a rapid rate and is expected to be worth US$6.7 billion per year by 2022.
