.EditorialThis web content has been actually picked, generated as well as edited due to the Finextra editorial crew based upon its relevance and also passion to our area.According to a speaker for the Vilnius District Court, the insolvency call was produced after reviewing the business's economic data and also finding that kevin was actually "unable to fulfill its economic obligations punctually".A bankruptcy instance has levelled due to the court of law and is actually Team has been actually assigned as the bankruptcy administrator..Kevin has considering that declared that it considers to appeal the bankruptcy selection.The court of law decision notes a significant succumb to the paytech agency which was actually once hailed as the fastetst developing fintech in Central and also Eastern Europe.Kevin had likewise raised $65m coming from its a variety of capitalists, including Accel as well as Eurazeo.The very first indicators of economic challenge were found in February when a file from on the internet headlines site Sorted stated that kevin had actually failed to spend workers for two months - cases which were actually debated due to the startup..And then in July, the Lithuanian reserve bank prohibited the company coming from tackling any sort of brand new clients after increasing impatient at the provider's failure to file its annual records promptly. .