.EditorialThis content has actually been selected, developed as well as revised by the Finextra content group based upon its own significance and passion to our community.Depending on to a spokesperson for the Vilnius Area Court, the insolvency telephone call was actually produced after assessing the firm's economic records and also locating that kevin was actually "not able to meet its own financial commitments on time".A personal bankruptcy instance has been opened by the court as well as is actually Group has actually been appointed as the bankruptcy supervisor..Kevin has since revealed that it prepares to strike the bankruptcy decision.The court choice notes a significant succumb to the paytech organization which was when flagged as the fastetst expanding fintech in Central as well as Eastern Europe.Kevin had likewise brought up $65m from its numerous investors, consisting of Accel and Eurazeo.The very first indications of monetary difficulty were actually found in February when a document from online information website Sifted stated that kevin had actually failed to spend team for 2 months - cases which were negated by the start-up..And then in July, the Lithuanian reserve bank prohibited the provider from handling any kind of brand-new customers after growing impatient at the company's breakdown to submit its own annual files promptly. .