.EditorialThis material has been picked, made as well as edited by the Finextra editorial group located upon its own importance and enthusiasm to our neighborhood.According to an agent for the Vilnius Area Court, the insolvency phone call was made after assessing the firm's financial information and also finding that kevin was actually "not able to fulfill its economic responsibilities on schedule".A personal bankruptcy situation has actually levelled due to the court of law and is actually Team has actually been appointed as the bankruptcy supervisor..Kevin has actually given that declared that it organizes to strike the bankruptcy decision.The court selection denotes a significant fall for the paytech organization which was the moment flagged as the fastetst expanding fintech in Central and Eastern Europe.Kevin had additionally reared $65m from its own numerous investors, consisting of Accel and also Eurazeo.The first indications of monetary trouble were actually found in February when a document coming from internet headlines website Filtered specified that kevin had actually fallen short to pay out personnel for pair of months - insurance claims which were actually quashed due to the start-up..And then in July, the Lithuanian reserve bank disallowed the firm coming from tackling any kind of new clients after developing impatient at the firm's breakdown to file its own annual records on time. .