.EditorialThis content has actually been picked, created as well as edited due to the Finextra editorial crew located upon its own importance as well as enthusiasm to our community.According to an agent for the Vilnius District Court, the insolvency telephone call was created after analyzing the provider’s economic data and also finding that kevin was “unable to meet its own financial commitments in a timely manner”.A bankruptcy instance has been opened due to the court of law as well as is actually Group has been actually assigned as the bankruptcy administrator..Kevin has actually given that introduced that it intends to strike the insolvency choice.The court of law selection notes a significant fall for the paytech organization which was actually as soon as hailed as the fastetst developing fintech in Central and Eastern Europe.Kevin had actually likewise reared $65m coming from its own numerous investors, featuring Accel as well as Eurazeo.The very first indications of financial trouble were seen in February when a file from online news web site Sifted stated that kevin had actually stopped working to pay out team for 2 months – cases which were actually negated due to the start-up..And after that in July, the Lithuanian central bank disallowed the provider from handling any sort of brand new clients after increasing impatient at the firm’s breakdown to submit its own annual reports on time. .