It is the logistics company that catapulted its managing director, former Melbourne Football Club player Joel MacDonald, into the realms of the mega-rich with a wealth estimated at more than $120 million.

But now one-time market darling GetSwift is facing serious scrutiny from the Australian Securities Exchange after it emerged the company had not informed the market that it had lost key contracts that underpinned its recent success.

Swift co-founder and chief executive Joel MacDonald, visiting Sydney in November. Credit:Kate Geraghty

GetSwift’s shares were suspended from trade on Wednesday after spending the two prior days in a trading halt.

GetSwift is a loss-making company which sports a market capitalisation of $550.3 million against a 2017 revenue base of $336,356, and last traded on Friday at $2.92 per share.