.EditorialThis material has been actually decided on, developed as well as revised due to the Finextra editorial crew located upon its significance and also rate of interest to our area.According to an agent for the Vilnius Area Court of law, the insolvency call was produced after analyzing the company's economic data and also discovering that kevin was actually "incapable to fulfill its economic commitments promptly".A personal bankruptcy case has levelled due to the court and is actually Team has actually been appointed as the insolvency supervisor..Kevin has given that revealed that it intends to strike the bankruptcy selection.The court of law selection marks a significant succumb to the paytech company which was actually as soon as hailed as the fastetst developing fintech in Central and also Eastern Europe.Kevin had additionally brought up $65m coming from its own a variety of entrepreneurs, consisting of Accel and also Eurazeo.The initial indications of monetary trouble were actually found in February when a file from on the web news website Looked said that kevin had actually neglected to spend staff for pair of months - cases which were actually refuted due to the startup..And then in July, the Lithuanian central bank outlawed the business from taking on any kind of new customers after growing impatient at the firm's breakdown to submit its annual files on schedule. .