.EditorialThis web content has been selected, made as well as modified due to the Finextra editorial crew located upon its own relevance and rate of interest to our neighborhood.Depending on to a speaker for the Vilnius Area Court of law, the insolvency phone call was actually made after assessing the provider's economic records and finding that kevin was "not able to meet its financial commitments promptly".A bankruptcy situation has levelled by the court of law as well as is actually Team has been assigned as the bankruptcy manager..Kevin has considering that introduced that it plans to strike the insolvency selection.The court choice marks a remarkable fall for the paytech organization which was once flagged as the fastetst developing fintech in Central as well as Eastern Europe.Kevin had likewise brought up $65m coming from its own several real estate investors, consisting of Accel and also Eurazeo.The 1st signs of financial problem were actually seen in February when a record coming from on-line news web site Sorted specified that kevin had actually fallen short to pay for workers for two months - cases which were actually refuted due to the startup..And then in July, the Lithuanian central bank banned the company coming from handling any brand-new customers after growing impatient at the company's breakdown to file its yearly files punctually. .