.EditorialThis web content has been actually selected, produced as well as modified due to the Finextra content group located upon its own significance and also rate of interest to our area.According to a spokesperson for the Vilnius Area Court, the bankruptcy telephone call was helped make after reviewing the business's economic records and discovering that kevin was actually "unable to meet its economic responsibilities on time".An insolvency case has been opened due to the court of law and is actually Group has actually been actually selected as the insolvency administrator..Kevin has actually considering that announced that it considers to appeal the bankruptcy choice.The court choice marks a remarkable fall for the paytech organization which was once hailed as the fastetst growing fintech in Central and also Eastern Europe.Kevin had actually likewise increased $65m coming from its various entrepreneurs, featuring Accel and also Eurazeo.The first signs of monetary challenge were actually found in February when a report coming from on-line headlines web site Sifted explained that kevin had failed to pay out workers for 2 months - insurance claims which were actually shot down due to the start-up..And after that in July, the Lithuanian reserve bank disallowed the business from handling any sort of brand new clients after expanding impatient at the business's failure to submit its own yearly reports on schedule. .