.EditorialThis web content has actually been actually picked, generated and also modified by the Finextra editorial staff based upon its importance and also interest to our neighborhood.Depending on to a spokesperson for the Vilnius Area Court, the insolvency call was actually made after examining the firm's monetary information and discovering that kevin was actually "unable to meet its economic obligations on time".A personal bankruptcy case has actually levelled due to the court of law and also is actually Team has been appointed as the bankruptcy supervisor..Kevin has actually since revealed that it considers to appeal the bankruptcy decision.The court of law decision denotes a significant succumb to the paytech organization which was actually the moment addressed as the fastetst expanding fintech in Central and also Eastern Europe.Kevin had actually also increased $65m coming from its own various real estate investors, including Accel as well as Eurazeo.The 1st signs of financial trouble were viewed in February when a record coming from on the web information web site Sifted stated that kevin had actually neglected to pay for personnel for two months - insurance claims which were actually debated due to the start-up..And after that in July, the Lithuanian central bank banned the company from tackling any sort of brand new customers after developing impatient at the company's failure to file its own yearly reports in a timely manner. .