.EditorialThis content has actually been actually decided on, developed and modified due to the Finextra editorial team located upon its own relevance and also rate of interest to our neighborhood.Depending on to a speaker for the Vilnius District Court of law, the insolvency call was actually created after analyzing the firm's economic data and also locating that kevin was actually "unable to satisfy its economic obligations on time".A personal bankruptcy case has been opened by the court of law and also is actually Team has been assigned as the insolvency supervisor..Kevin has actually considering that declared that it plans to strike the bankruptcy selection.The court of law choice marks a dramatic fall for the paytech company which was actually when hailed as the fastetst developing fintech in Central and also Eastern Europe.Kevin had actually additionally increased $65m from its own various entrepreneurs, including Accel as well as Eurazeo.The very first indicators of financial problem were actually viewed in February when a file from on the internet news internet site Filtered stated that kevin had fallen short to pay out workers for pair of months - insurance claims which were actually quashed by the startup..And afterwards in July, the Lithuanian central bank outlawed the company from taking on any type of brand-new clients after growing impatient at the company's failure to file its annual documents promptly. .