.EditorialThis web content has been chosen, generated as well as revised by the Finextra editorial group based upon its own importance as well as interest to our community.Depending on to a representative for the Vilnius District Court of law, the insolvency call was actually made after reviewing the firm's financial data and finding that kevin was "not able to meet its own economic commitments on time".An insolvency scenario has levelled by the court and is actually Team has been assigned as the bankruptcy manager..Kevin has actually given that announced that it plans to appeal the insolvency selection.The court decision denotes a remarkable succumb to the paytech agency which was actually as soon as flagged as the fastetst growing fintech in Central as well as Eastern Europe.Kevin had actually additionally raised $65m from its own a variety of entrepreneurs, consisting of Accel and Eurazeo.The 1st indicators of financial trouble were viewed in February when a report from internet updates site Sifted mentioned that kevin had neglected to pay for personnel for pair of months - claims which were actually refuted by the startup..And then in July, the Lithuanian central bank outlawed the firm from taking on any kind of brand new clients after expanding impatient at the firm's failing to file its own annual documents on schedule. .