.EditorialThis web content has actually been actually chosen, produced and modified by the Finextra content crew located upon its significance and passion to our community.According to an agent for the Vilnius District Court, the insolvency telephone call was actually helped make after reviewing the business's economic information and also discovering that kevin was actually "incapable to meet its economic obligations punctually".An insolvency instance has actually levelled by the court of law and IS Team has actually been actually assigned as the bankruptcy administrator..Kevin has given that announced that it organizes to appeal the bankruptcy selection.The court selection marks a significant fall for the paytech firm which was the moment addressed as the fastetst developing fintech in Central and Eastern Europe.Kevin had also increased $65m coming from its different clients, featuring Accel and Eurazeo.The first indicators of monetary problem were seen in February when a document from internet updates website Sorted stated that kevin had actually neglected to pay for team for pair of months - insurance claims which were debated by the start-up..And after that in July, the Lithuanian reserve bank outlawed the company from tackling any type of brand-new customers after growing impatient at the business's failure to file its annual documents punctually. .