If you're wanting to invest in the small side of the Australian share market, then the three small caps listed below could be worth a closer look.
All three have been tipped for big things in the future. Here's why these small cap ASX shares could be worth adding to your watchlist:
Adore Beauty Group Limited (ASX: ABY)
The first small cap to watch is Adore Beauty. It is a leading online beauty retailer which has been growing strongly during FY 2021. This has been underpinned by a significant lift in customer numbers thanks to the shift online. The good news is that this shift is only really getting started with the beauty category. This leaves it very well positioned for growth over the long term as penetration rates increase.
Alcidion Group Ltd (ASX: ALC)
Another 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. It has been growing very strongly thanks to some significant contract wins with major healthcare organisations. Pleasingly, Alcidion looks well-positioned for further growth over the long term thanks to a number of tailwinds. This includes the shift to a paperless environment in the healthcare sector.
Serko Ltd (ASX: SKO)
A third small cap to watch is Serko. It is an online travel booking and expense management provider. Serko offers businesses the Zeno Travel and Zeno Expense platforms. The former provides corporate customers with AI-powered end-to-end travel itineraries, cost control and travel policy compliance. Whereas Zeno Expense 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.
