.EditorialThis information has actually been actually picked, made as well as modified due to the Finextra content crew based upon its own importance as well as interest to our area.Depending on to an agent for the Vilnius District Court of law, the bankruptcy call was created after reviewing the firm's financial records and locating that kevin was "unable to fulfill its economic commitments in a timely manner".A personal bankruptcy case has been opened by the court and is actually Group has been actually selected as the insolvency manager..Kevin has actually due to the fact that revealed that it organizes to appeal the insolvency selection.The court of law selection marks a remarkable fall for the paytech agency which was as soon as flagged as the fastetst expanding fintech in Central as well as Eastern Europe.Kevin had additionally reared $65m from its own numerous financiers, featuring Accel and also Eurazeo.The very first signs of financial problem were viewed in February when a report coming from on the web news site Sorted stated that kevin had neglected to pay team for 2 months - insurance claims which were negated by the start-up..And after that in July, the Lithuanian reserve bank prohibited the business from tackling any sort of brand new clients after expanding impatient at the business's failing to file its yearly reports promptly. .