.EditorialThis content has actually been actually selected, generated and edited by the Finextra editorial crew based upon its importance as well as rate of interest to our neighborhood.Depending on to a speaker for the Vilnius Area Court, the bankruptcy phone call was helped make after examining the company’s economic data as well as finding that kevin was actually “incapable to meet its financial commitments on schedule”.An insolvency case has actually levelled by the court and is actually Group has actually been actually selected as the insolvency supervisor..Kevin has actually due to the fact that revealed that it organizes to appeal the insolvency selection.The court choice marks a significant fall for the paytech company which was actually once flagged as the fastetst expanding fintech in Central and Eastern Europe.Kevin had additionally reared $65m from its a variety of investors, including Accel and also Eurazeo.The initial signs of economic challenge were actually found in February when a record coming from internet information website Looked mentioned that kevin had fallen short to pay out personnel for two months – insurance claims which were refuted by the startup..And then in July, the Lithuanian central bank banned the business coming from taking on any new clients after increasing impatient at the company’s breakdown to submit its yearly files on schedule. .