.EditorialThis web content has been picked, produced and also edited due to the Finextra editorial crew located upon its significance and also enthusiasm to our area.According to an agent for the Vilnius Area Court of law, the bankruptcy call was actually created after evaluating the provider's financial records as well as finding that kevin was "not able to satisfy its economic responsibilities punctually".A personal bankruptcy case has been opened by the court of law as well as is actually Group has been actually designated as the insolvency administrator..Kevin has since introduced that it considers to appeal the insolvency decision.The court decision notes an impressive succumb to the paytech organization which was actually the moment hailed as the fastetst developing fintech in Central as well as Eastern Europe.Kevin had likewise brought up $65m coming from its various entrepreneurs, including Accel and also Eurazeo.The very first indications of monetary problem were found in February when a file from online information site Sorted stated that kevin had stopped working to pay for personnel for two months - cases which were actually negated due to the start-up..And then in July, the Lithuanian reserve bank banned the firm from handling any type of brand-new clients after developing impatient at the company's breakdown to file its yearly records promptly. .