.EditorialThis content has actually been chosen, developed and revised due to the Finextra content team located upon its own importance as well as rate of interest to our community.According to a representative for the Vilnius District Court, the insolvency phone call was made after analyzing the business's monetary data and also discovering that kevin was "unable to fulfill its economic commitments on schedule".A bankruptcy instance has been opened by the court of law as well as is actually Team has been appointed as the insolvency administrator..Kevin has because announced that it plans to strike the insolvency choice.The court selection notes a remarkable succumb to the paytech agency which was actually when flagged as the fastetst expanding fintech in Central as well as Eastern Europe.Kevin had additionally increased $65m from its different real estate investors, consisting of Accel as well as Eurazeo.The very first signs of monetary challenge were actually seen in February when a report coming from internet headlines web site Filtered specified that kevin had fallen short to pay for workers for pair of months - claims which were shot down by the start-up..And afterwards in July, the Lithuanian reserve bank prohibited the business from handling any sort of brand-new clients after increasing impatient at the business's failure to submit its own annual records on schedule. .