.EditorialThis material has actually been actually selected, produced as well as modified due to the Finextra editorial team based upon its own importance and also rate of interest to our neighborhood.Depending on to an agent for the Vilnius District Court, the bankruptcy call was helped make after reviewing the company's monetary records and locating that kevin was "incapable to meet its own economic obligations in a timely manner".An insolvency scenario has been opened by the court as well as is actually Group has actually been appointed as the bankruptcy supervisor..Kevin has because revealed that it organizes to strike the insolvency choice.The court selection denotes a dramatic fall for the paytech firm which was actually the moment hailed as the fastetst growing fintech in Central as well as Eastern Europe.Kevin had likewise reared $65m coming from its own a variety of investors, featuring Accel and Eurazeo.The 1st signs of financial challenge were actually seen in February when a file coming from on the internet information website Looked mentioned that kevin had actually failed to pay for personnel for pair of months - insurance claims which were actually quashed due to the start-up..And then in July, the Lithuanian central bank outlawed the firm coming from taking on any type of new clients after increasing impatient at the firm's failing to submit its own yearly records punctually. .