.EditorialThis information has been actually selected, generated as well as revised due to the Finextra content group located upon its own significance as well as interest to our community.Depending on to a spokesperson for the Vilnius District Court, the insolvency telephone call was actually produced after analyzing the business's financial data as well as finding that kevin was "incapable to fulfill its own financial responsibilities promptly".A bankruptcy instance has actually been opened due to the court as well as is actually Team has been appointed as the bankruptcy administrator..Kevin has actually since revealed that it prepares to strike the bankruptcy decision.The court of law decision denotes a remarkable fall for the paytech organization which was actually when addressed as the fastetst developing fintech in Central and Eastern Europe.Kevin had also raised $65m from its several entrepreneurs, featuring Accel and also Eurazeo.The initial signs of monetary trouble were actually viewed in February when a record coming from internet news web site Sifted explained that kevin had failed to spend personnel for pair of months - claims which were actually shot down due to the start-up..And after that in July, the Lithuanian central bank outlawed the firm coming from taking on any kind of new customers after increasing impatient at the business's failure to submit its annual records promptly. .