.EditorialThis web content has been actually decided on, generated and also revised by the Finextra content team based upon its own significance as well as passion to our area.Depending on to a spokesperson for the Vilnius District Court of law, the bankruptcy call was actually helped make after analyzing the company’s monetary information and also locating that kevin was actually “not able to satisfy its economic commitments promptly”.A bankruptcy case has levelled by the court and also is actually Team has actually been assigned as the insolvency administrator..Kevin has actually considering that introduced that it intends to appeal the insolvency selection.The court of law choice marks an impressive fall for the paytech organization which was when addressed as the fastetst developing fintech in Central as well as Eastern Europe.Kevin had additionally raised $65m coming from its own several financiers, featuring Accel as well as Eurazeo.The 1st indicators of financial challenge were actually seen in February when a report coming from on-line information website Looked specified that kevin had actually stopped working to pay out workers for pair of months – insurance claims which were shot down by the start-up..And after that in July, the Lithuanian central bank banned the business coming from handling any type of brand new customers after developing impatient at the firm’s breakdown to submit its own yearly documents punctually. .