.EditorialThis content has actually been decided on, generated and also modified due to the Finextra editorial staff based upon its importance and also passion to our neighborhood.Depending on to an agent for the Vilnius District Court of law, the insolvency call was actually created after assessing the company's financial information as well as finding that kevin was actually "not able to fulfill its monetary obligations promptly".A personal bankruptcy case has actually levelled due to the court of law and also is actually Team has been actually selected as the bankruptcy administrator..Kevin has actually because announced that it organizes to appeal the bankruptcy choice.The court choice notes an impressive fall for the paytech firm which was actually when hailed as the fastetst expanding fintech in Central and Eastern Europe.Kevin had additionally increased $65m from its various investors, including Accel as well as Eurazeo.The initial indications of financial difficulty were observed in February when a document coming from on the web information site Looked said that kevin had actually fallen short to pay out staff for 2 months - insurance claims which were debated due to the startup..And afterwards in July, the Lithuanian central bank banned the firm from tackling any sort of brand new clients after developing impatient at the company's breakdown to submit its own yearly reports on time. .