.EditorialThis content has actually been actually chosen, generated and revised due to the Finextra content group based upon its own significance as well as enthusiasm to our community.According to an agent for the Vilnius Area Court, the insolvency telephone call was actually created after assessing the provider’s monetary records as well as finding that kevin was actually “not able to satisfy its economic obligations in a timely manner”.A bankruptcy scenario has actually been opened due to the court of law and is actually Team has actually been assigned as the insolvency supervisor..Kevin has given that revealed that it prepares to strike the bankruptcy decision.The court of law selection marks a remarkable fall for the paytech agency which was as soon as hailed as the fastetst developing fintech in Central as well as Eastern Europe.Kevin had actually also reared $65m coming from its own a variety of capitalists, including Accel as well as Eurazeo.The very first indications of economic problem were actually found in February when a report from on-line updates internet site Sorted stated that kevin had actually failed to pay for staff for 2 months – claims which were quashed due to the startup..And after that in July, the Lithuanian central bank banned the firm coming from taking on any kind of new customers after increasing impatient at the provider’s failing to file its own yearly records on time. .