.EditorialThis information has actually been actually chosen, created and also edited due to the Finextra content group based upon its significance as well as interest to our community.Depending on to a speaker for the Vilnius Area Court, the bankruptcy telephone call was actually made after analyzing the business's economic data as well as discovering that kevin was "not able to fulfill its economic commitments on time".A personal bankruptcy case has actually been opened due to the court of law as well as IS Team has been designated as the bankruptcy manager..Kevin has actually due to the fact that revealed that it plans to strike the insolvency decision.The court choice notes a significant succumb to the paytech agency which was as soon as hailed as the fastetst developing fintech in Central as well as Eastern Europe.Kevin had additionally increased $65m from its own various investors, featuring Accel and Eurazeo.The very first indicators of economic trouble were actually observed in February when a file from on the internet information site Looked stated that kevin had stopped working to pay for staff for two months - insurance claims which were refuted due to the startup..And then in July, the Lithuanian central bank disallowed the firm coming from taking on any sort of brand new customers after developing impatient at the company's breakdown to submit its yearly documents promptly. .