.EditorialThis content has been actually picked, produced and also revised due to the Finextra editorial group based upon its own relevance and rate of interest to our area.According to a representative for the Vilnius District Court, the bankruptcy telephone call was created after analyzing the company's financial data and also locating that kevin was "unable to satisfy its own financial responsibilities punctually".An insolvency case has actually levelled by the court as well as IS Team has been actually assigned as the bankruptcy manager..Kevin has considering that introduced that it prepares to appeal the insolvency decision.The court selection marks a remarkable fall for the paytech firm which was the moment hailed as the fastetst developing fintech in Central as well as Eastern Europe.Kevin had likewise increased $65m coming from its different real estate investors, including Accel and Eurazeo.The 1st indicators of economic difficulty were seen in February when a report coming from on the internet headlines site Filtered specified that kevin had actually fallen short to pay personnel for pair of months - insurance claims which were actually refuted due to the startup..And afterwards in July, the Lithuanian central bank banned the provider coming from tackling any brand new clients after expanding impatient at the firm's breakdown to file its own yearly documents on time. .