.EditorialThis material has actually been picked, developed as well as modified due to the Finextra editorial group located upon its own importance and interest to our neighborhood.According to an agent for the Vilnius District Court, the bankruptcy telephone call was actually produced after assessing the firm's monetary data as well as finding that kevin was "incapable to meet its economic obligations on schedule".A bankruptcy case has actually been opened by the court and also IS Team has actually been appointed as the insolvency administrator..Kevin has because introduced that it plans to appeal the bankruptcy choice.The court choice notes a dramatic succumb to the paytech firm which was actually the moment flagged as the fastetst growing fintech in Central and Eastern Europe.Kevin had actually additionally reared $65m from its several financiers, consisting of Accel and also Eurazeo.The very first indications of economic challenge were actually seen in February when a file coming from online news site Sorted mentioned that kevin had actually neglected to pay workers for pair of months - claims which were actually debated due to the start-up..And then in July, the Lithuanian central bank banned the provider coming from handling any sort of brand new customers after increasing impatient at the business's breakdown to file its own annual documents in a timely manner. .