.EditorialThis material has actually been chosen, developed and also edited by the Finextra content crew based upon its significance as well as passion to our community.Depending on to a speaker for the Vilnius Area Court, the bankruptcy phone call was made after analyzing the company's monetary data and discovering that kevin was actually "incapable to satisfy its monetary obligations on schedule".An insolvency case has actually been opened by the court of law and IS Team has actually been actually appointed as the bankruptcy manager..Kevin has since declared that it prepares to appeal the insolvency choice.The court selection denotes a significant succumb to the paytech agency which was actually the moment flagged as the fastetst growing fintech in Central as well as Eastern Europe.Kevin had likewise reared $65m from its own numerous capitalists, consisting of Accel and also Eurazeo.The 1st indicators of financial problem were actually viewed in February when a document from on-line information web site Filtered explained that kevin had failed to spend workers for two months - claims which were actually refuted due to the startup..And after that in July, the Lithuanian central bank outlawed the provider from taking on any new customers after increasing impatient at the company's failing to submit its annual records on time. .