.EditorialThis material has actually been decided on, generated and edited due to the Finextra content group based upon its own importance and also interest to our area.According to a representative for the Vilnius Area Court of law, the bankruptcy call was made after reviewing the company's financial information as well as locating 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 been assigned as the insolvency manager..Kevin has actually given that introduced that it intends to appeal the insolvency decision.The court of law choice denotes a remarkable succumb to the paytech agency which was actually when flagged as the fastetst expanding fintech in Central and also Eastern Europe.Kevin had likewise increased $65m from its own several investors, including Accel as well as Eurazeo.The first indications of monetary problem were found in February when a document from on the web news website Sorted stated that kevin had actually neglected to spend team for two months - cases which were actually shot down by the startup..And afterwards in July, the Lithuanian central bank prohibited the provider coming from taking on any type of brand-new clients after increasing impatient at the business's breakdown to file its own annual documents promptly. .