.EditorialThis information has actually been actually decided on, made as well as revised due to the Finextra editorial team based upon its own significance and enthusiasm to our neighborhood.According to an agent for the Vilnius Area Court, the insolvency phone call was actually created after evaluating the firm's monetary data and also locating that kevin was "not able to satisfy its own financial commitments punctually".An insolvency case has levelled by the court as well as is actually Group has been actually appointed as the insolvency manager..Kevin has due to the fact that announced that it plans to strike the bankruptcy decision.The court selection denotes a significant succumb to the paytech firm which was when addressed as the fastetst expanding fintech in Central and also Eastern Europe.Kevin had actually likewise increased $65m coming from its a variety of investors, featuring Accel and Eurazeo.The very first indicators of financial trouble were actually seen in February when a report coming from on-line news website Filtered explained that kevin had neglected to pay personnel for pair of months - claims which were actually debated by the startup..And after that in July, the Lithuanian reserve bank banned the provider coming from handling any type of brand new customers after developing impatient at the business's breakdown to file its yearly documents on schedule. .