.EditorialThis web content has been picked, created and edited due to the Finextra content crew based upon its significance and rate of interest to our area.According to a spokesperson for the Vilnius Area Court of law, the insolvency phone call was produced after reviewing the company's economic information as well as finding that kevin was actually "unable to satisfy its financial responsibilities punctually".A bankruptcy scenario has been opened due to the court and also IS Team has been actually assigned as the bankruptcy supervisor..Kevin has actually because introduced that it considers to strike the bankruptcy choice.The court of law selection marks a remarkable succumb to the paytech company which was actually once flagged as the fastetst expanding fintech in Central and also Eastern Europe.Kevin had actually additionally reared $65m coming from its a variety of investors, featuring Accel and also Eurazeo.The first indications of monetary trouble were actually observed in February when a document coming from on the internet headlines web site Sifted explained that kevin had stopped working to pay staff for pair of months - cases which were actually debated due to the startup..And afterwards in July, the Lithuanian reserve bank disallowed the firm coming from tackling any sort of brand-new clients after increasing impatient at the business's failure to submit its own annual files punctually. .