.EditorialThis material has actually been actually decided on, made and also edited due to the Finextra content group located upon its own importance and also interest to our community.Depending on to a spokesperson for the Vilnius District Court of law, the insolvency call was created after examining the firm's economic information and finding that kevin was actually "not able to fulfill its financial obligations punctually".An insolvency case has been opened due to the court of law and also is actually Team has been actually assigned as the insolvency supervisor..Kevin has considering that declared that it considers to strike the bankruptcy decision.The court selection notes a remarkable fall for the paytech company which was when flagged as the fastetst developing fintech in Central and Eastern Europe.Kevin had actually also reared $65m coming from its own several financiers, including Accel and Eurazeo.The very first indications of financial challenge were found in February when a report coming from on-line updates website Sifted said that kevin had failed to pay personnel for 2 months - insurance claims which were refuted due to the start-up..And afterwards in July, the Lithuanian central bank disallowed the provider coming from handling any kind of brand new clients after expanding impatient at the business's failing to file its yearly files on time. .