.EditorialThis web content has been actually selected, developed as well as edited due to the Finextra editorial group located upon its relevance as well as passion to our area.Depending on to a spokesperson for the Vilnius District Court of law, the insolvency telephone call was created after examining the firm's monetary records and also finding that kevin was "unable to fulfill its financial obligations on time".A personal bankruptcy case has actually levelled due to the court of law and also IS Team has actually been designated as the bankruptcy supervisor..Kevin has actually since revealed that it intends to strike the bankruptcy decision.The court choice denotes an impressive succumb to the paytech firm which was actually when hailed as the fastetst increasing fintech in Central and Eastern Europe.Kevin had likewise increased $65m coming from its a variety of investors, consisting of Accel and Eurazeo.The 1st indicators of economic difficulty were found in February when a report from internet news internet site Sifted said that kevin had actually failed to pay for personnel for 2 months - cases which were actually refuted by the startup..And after that in July, the Lithuanian central bank disallowed the company coming from tackling any kind of new customers after developing impatient at the business's breakdown to file its annual records promptly. .