.EditorialThis content has been chosen, produced as well as revised by the Finextra content team based upon its importance and passion to our area.Depending on to an agent for the Vilnius District Court of law, the bankruptcy call was made after reviewing the company's monetary records and discovering that kevin was actually "not able to satisfy its own monetary commitments punctually".An insolvency instance has been opened by the court of law as well as IS Team has been actually selected as the bankruptcy administrator..Kevin has given that announced that it organizes to appeal the bankruptcy selection.The court of law selection notes a significant succumb to the paytech firm which was actually when hailed as the fastetst increasing fintech in Central and Eastern Europe.Kevin had additionally raised $65m coming from its several investors, including Accel as well as Eurazeo.The very first indicators of economic problem were actually seen in February when a report from on-line news web site Filtered explained that kevin had actually fallen short to pay for personnel for 2 months - claims which were shot down due to the startup..And afterwards in July, the Lithuanian reserve bank banned the firm coming from taking on any new clients after developing impatient at the business's failure to submit its own annual records in a timely manner. .