.EditorialThis web content has been chosen, produced and modified due to the Finextra editorial crew based upon its own relevance as well as enthusiasm to our neighborhood.According to an agent for the Vilnius Area Court, the bankruptcy phone call was actually created after analyzing the firm's monetary data and locating that kevin was "unable to meet its own economic responsibilities promptly".A personal bankruptcy scenario has actually levelled due to the court of law and also is actually Group has been assigned as the insolvency administrator..Kevin has since declared that it considers to strike the insolvency selection.The court choice notes a dramatic succumb to the paytech agency which was actually when flagged as the fastetst expanding fintech in Central as well as Eastern Europe.Kevin had likewise raised $65m coming from its different investors, featuring Accel as well as Eurazeo.The first signs of economic difficulty were viewed in February when a record from on the web news internet site Filtered said that kevin had failed to pay staff for two months - cases which were actually debated by the start-up..And afterwards in July, the Lithuanian central bank prohibited the firm coming from taking on any type of new customers after increasing impatient at the firm's failing to submit its annual files punctually. .