.EditorialThis information has actually been actually selected, developed and revised by the Finextra editorial group based upon its relevance and also enthusiasm to our neighborhood.Depending on to a spokesperson for the Vilnius Area Court of law, the insolvency phone call was created after examining the provider's financial data and discovering that kevin was "incapable to fulfill its economic commitments on schedule".A bankruptcy scenario has actually levelled by the court of law as well as is actually Group has actually been actually designated as the bankruptcy manager..Kevin has actually considering that announced that it organizes to appeal the bankruptcy choice.The court choice denotes a remarkable fall for the paytech company which was actually as soon as addressed as the fastetst increasing fintech in Central and also Eastern Europe.Kevin had actually additionally raised $65m coming from its own a variety of clients, featuring Accel and Eurazeo.The very first signs of economic challenge were viewed in February when a file from on the web information website Sorted explained that kevin had actually neglected to pay out team for two months - cases which were actually shot down by the startup..And afterwards in July, the Lithuanian reserve bank prohibited the business from handling any kind of new customers after growing impatient at the company's breakdown to submit its yearly documents in a timely manner. .