.EditorialThis content has been chosen, created as well as edited due to the Finextra content staff located upon its significance and also interest to our community.Depending on to a representative for the Vilnius District Court of law, the bankruptcy telephone call was actually produced after reviewing the firm's economic records and also locating that kevin was "incapable to meet its financial obligations punctually".A bankruptcy instance has actually levelled by the court as well as is actually Group has been actually selected as the bankruptcy supervisor..Kevin has actually due to the fact that introduced that it considers to appeal the insolvency decision.The court of law decision notes a dramatic succumb to the paytech organization which was as soon as addressed as the fastetst developing fintech in Central as well as Eastern Europe.Kevin had actually additionally brought up $65m from its own numerous entrepreneurs, including Accel and also Eurazeo.The very first signs of financial challenge were found in February when a file from internet news site Looked mentioned that kevin had actually stopped working to pay workers for 2 months - claims which were shot down by the startup..And then in July, the Lithuanian reserve bank prohibited the business from taking on any brand new clients after developing impatient at the company's failing to file its own annual files on schedule. .