.EditorialThis web content has actually been chosen, developed and modified due to the Finextra editorial crew based upon its importance and passion to our area.According to an agent for the Vilnius Area Court, the insolvency phone call was created after assessing the company's financial information and also locating that kevin was actually "unable to meet its own economic obligations promptly".A bankruptcy case has actually been opened due to the court of law and also is actually Team has been assigned as the bankruptcy manager..Kevin has considering that declared that it organizes to strike the insolvency choice.The court of law decision notes an impressive succumb to the paytech firm which was actually as soon as addressed as the fastetst increasing fintech in Central and Eastern Europe.Kevin had additionally reared $65m coming from its own a variety of financiers, consisting of Accel as well as Eurazeo.The very first signs of economic challenge were actually observed in February when a document from on the internet updates web site Filtered explained that kevin had actually stopped working to spend workers for two months - insurance claims which were quashed due to the start-up..And then in July, the Lithuanian reserve bank prohibited the provider from handling any kind of brand new clients after developing impatient at the firm's breakdown to file its annual documents on time. .