.EditorialThis web content has been actually picked, developed and edited due to the Finextra content team based upon its importance as well as passion to our area.Depending on to a speaker for the Vilnius Area Court of law, the bankruptcy call was actually made after assessing the provider’s financial records and also locating that kevin was actually “unable to satisfy its own monetary responsibilities punctually”.A personal bankruptcy case has actually levelled by the court of law and IS Team has actually been assigned as the insolvency manager..Kevin has actually because introduced that it plans to appeal the insolvency choice.The court of law decision denotes a dramatic succumb to the paytech organization which was once flagged as the fastetst developing fintech in Central and also Eastern Europe.Kevin had actually likewise increased $65m from its own several financiers, featuring Accel and Eurazeo.The initial signs of economic problem were actually seen in February when a report coming from internet headlines website Filtered stated that kevin had actually fallen short to pay for workers for two months – insurance claims which were negated by the startup..And after that in July, the Lithuanian central bank disallowed the firm from taking on any type of brand-new customers after developing impatient at the provider’s breakdown to submit its annual reports on schedule. .