.EditorialThis web content has been decided on, produced and edited by the Finextra editorial group based upon its own significance as well as enthusiasm to our community.Depending on to a spokesperson for the Vilnius District Court of law, the insolvency phone call was created after examining the business's economic data and also locating that kevin was "incapable to fulfill its financial commitments on time".A bankruptcy case has been opened due to the court and also is actually Team has been assigned as the insolvency supervisor..Kevin has considering that revealed that it intends to strike the bankruptcy choice.The court selection marks an impressive succumb to the paytech agency which was the moment addressed as the fastetst growing fintech in Central and Eastern Europe.Kevin had actually additionally increased $65m coming from its own different investors, including Accel and Eurazeo.The very first indications of monetary problem were actually viewed in February when a file coming from online news website Sifted stated that kevin had neglected to pay workers for pair of months - insurance claims which were actually quashed by the start-up..And afterwards in July, the Lithuanian reserve bank banned the business from taking on any type of brand-new clients after growing impatient at the company's breakdown to file its own annual documents on time. .