At the small end of the Australian share market, there are a number of companies with the potential to grow strongly in the future.
Three that investors might want to get better acquainted with are listed below. Here's what you need to know about them:
Booktopia Group Ltd (ASX: BKG)
The first small cap ASX share to watch is Booktopia. It is an online book retailer which has brushed off the arrival of Amazon in Australia and continued its meteoric growth. This has been driven by its strong market position, 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)
Another small cap ASX share to watch is Serko. It is the online travel booking and expense management provider behind the Zeno Travel and Zeno Expense platforms. Serko uses intelligent technology, predictive workflows, and a traveller-centric marketplace to transform the world of business travel and expense. It also recently signed a game-changing deal with travel giant Booking.com, which looks set to be a significant boost to revenues in FY 2022 and beyond.
Whispir Ltd (ASX: WSP)
A final small cap ASX share to watch is Whispir. It is a growing workflow platform provider that allows organisations to deliver actionable two-way interactions at scale. This is achieved using automated multi-channel communication workflows. While the company has been growing its revenues strongly in recent years, it has still only captured a small slice of its target market. For example, management estimates that it has a total addressable market (TAM) of US$4.7 billion in the just United States.
