.EditorialThis content has actually been actually chosen, created and also modified due to the Finextra content group based upon its own importance as well as enthusiasm to our community.According to a representative for the Vilnius District Court, the insolvency phone call was made after evaluating the provider's economic data and also locating that kevin was actually "unable to meet its financial commitments on schedule".A personal bankruptcy case has actually been opened due to the court of law and is actually Team has actually been actually designated as the insolvency supervisor..Kevin has actually since introduced that it organizes to appeal the insolvency choice.The court selection notes an impressive succumb to the paytech organization which was actually once addressed as the fastetst expanding fintech in Central and Eastern Europe.Kevin had actually likewise brought up $65m coming from its a variety of investors, consisting of Accel and also Eurazeo.The 1st indicators of economic difficulty were actually seen in February when a document from internet headlines website Sorted explained that kevin had actually stopped working to pay staff for two months - insurance claims which were actually quashed by the start-up..And then in July, the Lithuanian central bank prohibited the business from tackling any sort of brand-new clients after increasing impatient at the company's failure to file its own annual documents in a timely manner. .