As well as being home to blue-chip shares such as Ramsay Health Care Limited (ASX: RHC) and CSL Limited (ASX: CSL), I believe the Australian share market is home to a number of small-cap shares with strong growth potential.
Three which I feel are well worth getting better acquainted with are listed below. Here's why:
ChimpChange Ltd (ASX: CCA)
This US-based digital banking company has an ambitious goal of disrupting the American banking system. It certainly is well on its way to doing so after recently revealing that it is closing in on 100,000 active customer accounts. This is an impressive increase given that just over a year ago it had around 10,000 accounts on its books. I believe the launch of several revenue-generating features will result in strong top line growth in FY 2018.
Livetiles Ltd (ASX: LVT)
This digital workplace platform provider has been growing its subscriber numbers at an incredibly strong rate. This led to the company reporting a massive 293% jump in annualised revenue growth to $4 million in FY 2017. Its strong growth clearly impressed the market enough for it to be able to raise $11 million from sophisticated and professional investors in August. These funds will be used to expand its sales reach and drive global customer and revenue growth.
Think Childcare Ltd (ASX: TNK)
Year-to-date the shares of this fledgling childcare centre operator are down by around 12%. I believe this has left them trading at a great price for investors prepared to make a long-term buy and hold investment. Thanks to its pipeline of newly developed, purpose built childcare centres around Australia that are waiting to be acquired progressively over the next five years, I believe Think Childcare is in a position to deliver above-average earnings and dividend growth for the foreseeable future.
