.EditorialThis content has been chosen, created as well as revised by the Finextra editorial group located upon its significance as well as interest to our area.According to a spokesperson for the Vilnius District Court, the insolvency telephone call was actually helped make after examining the business's monetary records and finding that kevin was "unable to meet its economic commitments promptly".A bankruptcy scenario has levelled by the court and also is actually Team has actually been actually appointed as the bankruptcy manager..Kevin has actually given that introduced that it considers to appeal the bankruptcy selection.The court of law choice denotes an impressive succumb to the paytech organization which was once addressed as the fastetst increasing fintech in Central as well as Eastern Europe.Kevin had actually additionally reared $65m coming from its own various entrepreneurs, including Accel as well as Eurazeo.The 1st indications of financial problem were seen in February when a record coming from online news website Sorted stated that kevin had actually stopped working to pay staff for pair of months - claims which were quashed by the startup..And afterwards in July, the Lithuanian reserve bank disallowed the firm from handling any kind of new customers after increasing impatient at the provider's breakdown to submit its annual reports in a timely manner. .