.EditorialThis content has actually been actually decided on, created and also revised due to the Finextra editorial staff located upon its significance as well as enthusiasm to our neighborhood.According to a spokesperson for the Vilnius Area Court, the insolvency phone call was actually created after analyzing the company's financial data and also locating that kevin was actually "incapable to satisfy its economic commitments on schedule".A personal bankruptcy instance has levelled by the court of law as well as is actually Group has actually been appointed as the insolvency supervisor..Kevin has actually since introduced that it organizes to appeal the bankruptcy decision.The court of law selection notes a remarkable succumb to the paytech company which was actually as soon as flagged as the fastetst growing fintech in Central and Eastern Europe.Kevin had actually additionally raised $65m from its different clients, consisting of Accel and Eurazeo.The first indications of financial trouble were actually seen in February when a file coming from on-line headlines site Looked said that kevin had actually neglected to pay for team for two months - claims which were negated by the startup..And after that in July, the Lithuanian reserve bank banned the company from handling any kind of brand new customers after expanding impatient at the business's breakdown to submit its yearly records on schedule. .