At the small end of the Australian share market, there are a number of companies with the potential to grow materially in the future.
Four that investors might want to get better acquainted with are listed below. Here's what you need to know about them:
Alcidion Group Ltd (ASX: ALC)
The first small cap share to watch is Alcidion. It is a growing informatics solutions company which provides software which has been designed to improve the efficacy and cost of delivering services to patients and reduce hospital-acquired complications. Alcidion appears well-placed for growth in the future thanks to the shift to a paperless environment in the healthcare sector and a number of favourable industry tailwinds.
Booktopia Group Ltd (ASX: BKG)
A second small cap ASX share to watch is Booktopia. This online book retailer has been growing at an explosive rate since its IPO late last year. This has been driven by the shift to online shopping and its new distribution centre. The latter is allowing the company to capture the heightened demand and ship more books than ever.
Serko Ltd (ASX: SKO)
Serko is an online travel booking and expense management provider. It offers businesses the Zeno Travel and Zeno Expense platforms. The former provides AI-powered end-to-end travel itineraries, cost control and travel policy compliance to corporate customers. Whereas the Zeno Expense platform allows users to automate and streamline the expense administration function, identify out-of-policy expense claims, and prevent fraud. It recently signed a game-changing deal with travel giant Booking.com.
Whispir Ltd (ASX: WSP)
A final small cap share to watch is Whispir. It is a software-as-a-service communications workflow platform provider. Its platform allows businesses and governments to deliver actionable two-way interactions at scale using automated multi-channel communication workflows. Management estimates that it has a total addressable market (TAM) of US$4.7 billion in the just United States.
