.EditorialThis content has actually been actually chosen, made as well as revised by the Finextra editorial staff based upon its own importance as well as interest to our area.Depending on to a spokesperson for the Vilnius District Court of law, the bankruptcy phone call was produced after analyzing the firm's financial information and also finding that kevin was "not able to fulfill its own financial commitments promptly".A bankruptcy situation has actually been opened by the court of law and is actually Group has actually been actually designated as the insolvency supervisor..Kevin has given that introduced that it prepares to appeal the insolvency choice.The court selection denotes a dramatic succumb to the paytech agency which was actually as soon as flagged as the fastetst developing fintech in Central and Eastern Europe.Kevin had additionally brought up $65m from its a variety of financiers, consisting of Accel and also Eurazeo.The very first indications of monetary problem were actually viewed in February when a report coming from internet news website Sorted stated that kevin had actually fallen short to pay out team for pair of months - claims which were debated by the start-up..And afterwards in July, the Lithuanian central bank banned the provider from handling any brand-new customers after increasing impatient at the company's breakdown to file its annual reports on schedule. .