.EditorialThis information has been selected, developed and also revised due to the Finextra content staff located upon its significance as well as passion to our community.Depending on to a representative for the Vilnius Area Court, the bankruptcy phone call was created after examining the firm's economic information and also discovering that kevin was actually "incapable to fulfill its monetary responsibilities promptly".An insolvency scenario has actually been opened by the court of law and is actually Team has actually been actually appointed as the insolvency administrator..Kevin has since introduced that it intends to appeal the bankruptcy choice.The court choice denotes a dramatic succumb to the paytech firm which was actually as soon as hailed as the fastetst growing fintech in Central and also Eastern Europe.Kevin had actually additionally reared $65m from its own different financiers, consisting of Accel and also Eurazeo.The first signs of economic trouble were actually observed in February when a document from on the internet news website Filtered explained that kevin had actually neglected to pay team for two months - claims which were quashed by the start-up..And after that in July, the Lithuanian reserve bank disallowed the provider from tackling any sort of brand new clients after increasing impatient at the firm's failure to submit its own yearly documents on time. .