2 small cap ASX shares you need to know about

There are a good number of options at the small end of the market for investors to choose from.

However, two small cap ASX shares that stand out from the crowd are listed below. Here’s what you need to know about them:

ELMO is a cloud-based human resources and payroll software platform company. The company’s increasingly popular platform streamlines a large number of important processes. This saves time and money for businesses.

Demand has remained strong for ELMO’s software over the last 12 months. This led to ELMO reporting annualised recurring revenue (ARR) of $74.2 million at the end of December. This was an increase of 42.8% over the prior corresponding period. This was driven by a combination of organic growth and the…