.EditorialThis web content has actually been selected, developed and also modified due to the Finextra content crew based upon its own relevance and also enthusiasm to our neighborhood.According to an agent for the Vilnius District Court, the bankruptcy call was actually made after reviewing the firm's financial data and also locating that kevin was actually "unable to meet its own financial commitments on time".An insolvency instance has actually levelled due to the court as well as IS Team has been actually appointed as the insolvency supervisor..Kevin has actually because revealed that it prepares to appeal the insolvency choice.The court choice notes an impressive succumb to the paytech organization which was actually once hailed as the fastetst growing fintech in Central as well as Eastern Europe.Kevin had actually also increased $65m from its various entrepreneurs, featuring Accel and also Eurazeo.The 1st indications of financial difficulty were actually viewed in February when a document from on-line information site Looked stated that kevin had neglected to pay for personnel for 2 months - cases which were negated due to the startup..And afterwards in July, the Lithuanian central bank banned the company coming from handling any sort of brand new clients after growing impatient at the business's failing to submit its yearly files on time. .