.EditorialThis web content has actually been picked, produced and edited due to the Finextra editorial team based upon its relevance as well as interest to our neighborhood.Depending on to a speaker for the Vilnius Area Court of law, the bankruptcy telephone call was helped make after reviewing the business's economic records and also locating that kevin was actually "not able to fulfill its own economic responsibilities promptly".A bankruptcy situation has been opened by the court of law and IS Team has been selected as the insolvency supervisor..Kevin has actually because declared that it intends to strike the bankruptcy selection.The court of law choice marks a dramatic fall for the paytech company which was as soon as hailed as the fastetst growing fintech in Central as well as Eastern Europe.Kevin had likewise raised $65m coming from its different capitalists, consisting of Accel and also Eurazeo.The initial indications of financial problem were actually viewed in February when a file coming from on the web headlines site Sifted mentioned that kevin had actually stopped working to pay for team for pair of months - claims which were negated by the startup..And afterwards in July, the Lithuanian central bank banned the firm from tackling any kind of brand-new customers after increasing impatient at the provider's breakdown to submit its yearly documents punctually. .