.EditorialThis web content has been chosen, made and revised due to the Finextra content crew based upon its own significance as well as passion to our community.According to a representative for the Vilnius District Court, the insolvency call was produced after reviewing the business's economic information as well as locating that kevin was "unable to fulfill its own financial commitments on time".A personal bankruptcy instance has actually levelled by the court of law and also is actually Group has actually been appointed as the bankruptcy supervisor..Kevin has since introduced that it intends to appeal the bankruptcy decision.The court selection denotes a dramatic fall for the paytech company which was the moment flagged as the fastetst expanding fintech in Central and also Eastern Europe.Kevin had actually likewise raised $65m from its a variety of investors, featuring Accel and Eurazeo.The 1st indicators of financial problem were observed in February when a report coming from on the web updates site Filtered said that kevin had actually failed to pay out team for 2 months - insurance claims which were shot down by the start-up..And then in July, the Lithuanian central bank banned the firm from handling any kind of brand-new clients after developing impatient at the business's failure to file its annual files on schedule. .