.EditorialThis web content has been actually picked, made and also revised by the Finextra editorial group located upon its own importance as well as passion to our community.According to a representative for the Vilnius Area Court of law, the bankruptcy telephone call was actually created after assessing the business's monetary data as well as finding that kevin was "not able to meet its monetary commitments in a timely manner".An insolvency scenario has been opened due to the court of law as well as is actually Team has actually been designated as the bankruptcy supervisor..Kevin has considering that declared that it prepares to strike the insolvency decision.The court selection marks a remarkable succumb to the paytech agency which was actually the moment hailed as the fastetst expanding fintech in Central and also Eastern Europe.Kevin had likewise reared $65m from its own several clients, featuring Accel and Eurazeo.The very first signs of monetary challenge were actually viewed in February when a document coming from internet news internet site Looked specified that kevin had failed to pay for team for pair of months - cases which were quashed due to the startup..And afterwards in July, the Lithuanian central bank outlawed the company coming from tackling any sort of brand new clients after expanding impatient at the provider's failing to submit its yearly records on time. .