.EditorialThis material has actually been actually picked, developed as well as revised by the Finextra content group located upon its own significance as well as passion to our community.Depending on to a speaker for the Vilnius District Court, the bankruptcy phone call was produced after evaluating the business's monetary records as well as finding that kevin was "not able to meet its own economic responsibilities in a timely manner".An insolvency case has been opened due to the court of law and also is actually Team has been actually assigned as the insolvency administrator..Kevin has due to the fact that declared that it intends to strike the insolvency selection.The court selection denotes a significant succumb to the paytech organization which was the moment flagged as the fastetst increasing fintech in Central as well as Eastern Europe.Kevin had actually likewise increased $65m from its own several clients, including Accel and Eurazeo.The 1st indicators of financial trouble were actually observed in February when a record coming from on the internet news web site Looked explained that kevin had failed to spend personnel for 2 months - insurance claims which were quashed by the startup..And then in July, the Lithuanian reserve bank outlawed the firm from handling any brand new customers after expanding impatient at the company's failing to file its own yearly files punctually. .