.EditorialThis information has been actually decided on, generated as well as revised by the Finextra editorial group based upon its own significance as well as interest to our area.Depending on to a representative for the Vilnius District Court of law, the bankruptcy phone call was produced after examining the business's financial records and also locating that kevin was "not able to meet its economic commitments promptly".A personal bankruptcy situation has actually levelled by the court and IS Team has been actually assigned as the insolvency manager..Kevin has actually considering that revealed that it considers to appeal the bankruptcy choice.The court of law decision marks an impressive fall for the paytech firm which was actually when flagged as the fastetst developing fintech in Central and Eastern Europe.Kevin had actually additionally increased $65m coming from its numerous capitalists, featuring Accel and also Eurazeo.The first indicators of economic challenge were actually seen in February when a document coming from internet headlines site Sorted stated that kevin had actually fallen short to spend personnel for pair of months - insurance claims which were actually debated due to the start-up..And then in July, the Lithuanian central bank outlawed the company coming from tackling any sort of brand-new clients after growing impatient at the firm's failure to submit its yearly documents on time. .