.EditorialThis information has been selected, developed and edited due to the Finextra content team located upon its own importance and also passion to our area.According to a representative for the Vilnius Area Court of law, the bankruptcy telephone call was produced after evaluating the firm's financial data and discovering that kevin was actually "unable to meet its economic commitments punctually".A bankruptcy situation has actually been opened by the court of law as well as IS Team has actually been actually appointed as the bankruptcy administrator..Kevin has considering that declared that it plans to strike the bankruptcy choice.The court of law choice denotes a significant fall for the paytech agency which was once hailed as the fastetst increasing fintech in Central and also Eastern Europe.Kevin had likewise reared $65m coming from its own a variety of financiers, featuring Accel as well as Eurazeo.The 1st indicators of economic challenge were actually viewed in February when a document from on-line updates internet site Filtered said that kevin had failed to pay out personnel for 2 months - insurance claims which were actually refuted due to the start-up..And afterwards in July, the Lithuanian reserve bank outlawed the provider from taking on any type of brand new clients after increasing impatient at the company's failing to submit its own yearly files in a timely manner. .