.EditorialThis content has actually been decided on, made and also modified by the Finextra editorial staff based upon its relevance and also interest to our community.Depending on to a speaker for the Vilnius Area Court of law, the insolvency phone call was actually helped make after examining the firm's economic information as well as locating that kevin was actually "unable to meet its economic responsibilities promptly".A bankruptcy situation has levelled by the court and is actually Group has been selected as the insolvency manager..Kevin has given that declared that it plans to appeal the bankruptcy selection.The court selection denotes a significant fall for the paytech firm which was actually as soon as addressed as the fastetst developing fintech in Central and also Eastern Europe.Kevin had also increased $65m from its several capitalists, featuring Accel as well as Eurazeo.The 1st indicators of economic trouble were actually found in February when a report from on the internet news internet site Sifted mentioned that kevin had actually neglected to pay personnel for two months - cases which were actually shot down due to the startup..And after that in July, the Lithuanian reserve bank banned the provider coming from tackling any brand new clients after growing impatient at the provider's breakdown to submit its own yearly files on schedule. .