.EditorialThis content has been actually picked, made and also modified by the Finextra content crew based upon its relevance and also rate of interest to our neighborhood.Depending on to a representative for the Vilnius Area Court, the bankruptcy phone call was actually produced after reviewing the provider's monetary records as well as locating that kevin was actually "not able to satisfy its own economic commitments on time".An insolvency scenario has actually levelled due to the court of law and also is actually Group has actually been designated as the insolvency supervisor..Kevin has actually considering that revealed that it plans to appeal the insolvency selection.The court of law choice marks a remarkable fall for the paytech company which was actually the moment flagged as the fastetst growing fintech in Central and also Eastern Europe.Kevin had likewise raised $65m from its own different clients, consisting of Accel and also Eurazeo.The initial indicators of economic challenge were seen in February when a document coming from internet news website Sorted specified that kevin had actually fallen short to pay staff for two months - claims which were negated due to the start-up..And after that in July, the Lithuanian reserve bank banned the business from taking on any brand new clients after expanding impatient at the business's breakdown to file its annual documents punctually. .