.EditorialThis material has actually been actually selected, generated and edited due to the Finextra content team based upon its own relevance and rate of interest to our neighborhood.Depending on to a speaker for the Vilnius District Court, the insolvency call was helped make after reviewing the firm's monetary records and discovering that kevin was actually "unable to meet its own monetary responsibilities punctually".A personal bankruptcy situation has levelled by the court and also is actually Group has actually been actually assigned as the insolvency manager..Kevin has considering that announced that it intends to appeal the bankruptcy choice.The court selection notes a dramatic fall for the paytech firm which was the moment hailed as the fastetst growing fintech in Central as well as Eastern Europe.Kevin had actually also increased $65m from its own different capitalists, featuring Accel and also Eurazeo.The 1st signs of monetary difficulty were actually found in February when a document from on-line headlines site Sifted explained that kevin had stopped working to pay team for 2 months - cases which were actually negated due to the start-up..And then in July, the Lithuanian central bank disallowed the firm coming from taking on any type of brand new customers after developing impatient at the firm's failure to submit its yearly reports on time. .