.EditorialThis content has actually been selected, created as well as edited by the Finextra editorial group located upon its importance and also passion to our community.According to an agent for the Vilnius Area Court of law, the insolvency phone call was actually helped make after reviewing the business's monetary information and also discovering that kevin was actually "unable to meet its own economic obligations on time".A personal bankruptcy instance has actually been opened due to the court of law and also is actually Team has been appointed as the insolvency supervisor..Kevin has given that introduced that it prepares to appeal the bankruptcy decision.The court choice denotes a dramatic fall for the paytech organization which was when addressed as the fastetst developing fintech in Central and also Eastern Europe.Kevin had additionally raised $65m from its own numerous real estate investors, consisting of Accel as well as Eurazeo.The first indications of economic difficulty were viewed in February when a record from on the internet news site Sifted said that kevin had actually stopped working to pay team for pair of months - insurance claims which were actually shot down due to the start-up..And after that in July, the Lithuanian central bank outlawed the company from taking on any type of brand new clients after increasing impatient at the company's breakdown to file its annual files in a timely manner. .