.EditorialThis content has actually been picked, developed and also revised by the Finextra editorial group located upon its own relevance and interest to our area.According to a speaker for the Vilnius Area Court of law, the bankruptcy telephone call was created after examining the provider's economic information as well as finding that kevin was "incapable to fulfill its monetary commitments on schedule".An insolvency situation has actually levelled due to the court of law and also is actually Group has actually been assigned as the insolvency manager..Kevin has considering that introduced that it organizes to appeal the insolvency selection.The court of law choice denotes a dramatic fall for the paytech organization which was actually the moment addressed as the fastetst increasing fintech in Central and Eastern Europe.Kevin had also increased $65m from its various financiers, featuring Accel and Eurazeo.The first signs of financial difficulty were seen in February when a record coming from online updates website Sifted stated that kevin had stopped working to pay for team for two months - claims which were actually negated due to the startup..And afterwards in July, the Lithuanian reserve bank prohibited the provider coming from taking on any new clients after growing impatient at the provider's failing to file its annual files on time. .