Big-Name Investor Bullish on Small Cap with Big-Time Clients and Big Growth
Leon Cooperman of Omega Partners has long been considered one of the finest investors on Wall Street.
He founded Omega Partners after heading up the asset management unit of Goldman Sachs (NYSE: GS). Speaking at the recent "Invest for Kids" conference in Chicago, he was bullish about Monetise (OTC: MONIF), a small cap with big name clients such as IBM (NYSE: IBM) and Visa (NYSE: V).
Monetise is a mobile wallet company, based in the United Kingdom.
It has a huge competitive advantage in that Visa Europe is an investor. That has allowed for Monetise to increase its users from seven million to 24 million in the last year. Over that time period, transactions have tripled. Goldman Sachs and the Gartner Group, a high-tech research firm, project that growth should triple again for Monetise.
Earlier this month, Monitise was in the Deloitte Technology Fast 50 for third year in a row. Overall, Monitise was named the sixth-fastest growing technology company in the United Kingdom. This is the third year in a row that Monetise has been in the top 15. In 2012, it was third. Monetise came in twelfth in 2011.
The potential for the mobile wallet market is huge.
That IBM and Visa have invested in Monetise in so many different ways is a strong indication of support for a small cap company. That is especially so with such formidable competitors.
With Leon Cooperman bullish on Monetise, investors should take notice of the long term potential of the high tech small cap.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.