.EditorialThis material has been selected, generated and also revised by the Finextra editorial group located upon its relevance and also passion to our community.According to a representative for the Vilnius District Court, the bankruptcy call was actually made after analyzing the business's monetary information and locating that kevin was actually "not able to meet its own financial commitments punctually".A personal bankruptcy instance has actually been opened due to the court and also is actually Team has been actually assigned as the bankruptcy supervisor..Kevin has due to the fact that declared that it plans to strike the insolvency selection.The court decision marks an impressive succumb to the paytech agency which was the moment addressed as the fastetst growing fintech in Central as well as Eastern Europe.Kevin had actually also brought up $65m from its several financiers, featuring Accel as well as Eurazeo.The 1st indicators of monetary difficulty were seen in February when a document from on the internet updates internet site Sifted specified that kevin had actually stopped working to pay staff for two months - cases which were refuted due to the start-up..And then in July, the Lithuanian central bank banned the business from handling any type of brand new customers after increasing impatient at the business's breakdown to submit its yearly records in a timely manner. .