Press coverage

Not that I believe much of what motley foolspool out, but fwiw, today’s mention of Praemium is always welcome coverage:

#2 This exciting small cap's growth is accelerating

My small-cap growth stock to out-perform the market over the next three years is a stock I already own -- fast growing fintech Praemium Ltd (ASX: PPS).

Praemium  offers cloud-based software for investment platforms, portfolio administration, investment management, and CRM solutions with offices in the US, UK, Armenia, and Hong Kong. Praemium currently manage over $6.6 billion worth of funds globally across more than 300,000 accounts.

As you can see from the chart below, Praemium has been growing its funds under administration (FUA) at a rapid rate, with that rate accelerating to record levels in the most recent quarter.

​

Source: Company Presentation

The Praemium share price currently trades around 57 cents, up 39% in just the past 3 months. But don't let that put you off. This company has a long growth runway ahead, and is investing in growth now to "deliver sustainable and long-term returns to shareholders."

As ever, there are risks. Competitive risks are never far away -- there are plenty of other investment administration and financial planning technology platform companies out there. A sustained bear market will undoubtedly hurt Praemium. And the shares are not cheap, trading on a forward P/E of around 27 times earnings.

Finally, any investment in Praemium should be made as part of a diversified portfolio, made up of between 15 - 30 stocks. I've put Praemium in the small-cap sleeve of my portfolio, alongside a number of other exciting, fast growing ASX stocks.