.EditorialThis web content has been actually selected, created as well as edited due to the Finextra editorial team based upon its importance and interest to our neighborhood.According to a representative for the Vilnius District Court of law, the bankruptcy telephone call was actually created after reviewing the provider's financial data and also discovering that kevin was "unable to meet its own economic responsibilities on schedule".A personal bankruptcy case has been opened by the court and is actually Team has been actually assigned as the insolvency administrator..Kevin has actually due to the fact that introduced that it intends to appeal the insolvency decision.The court decision marks a significant succumb to the paytech company which was actually once flagged as the fastetst increasing fintech in Central and also Eastern Europe.Kevin had additionally raised $65m from its own various investors, including Accel as well as Eurazeo.The 1st indications of economic problem were observed in February when a record coming from internet information site Sifted stated that kevin had actually stopped working to pay for staff for 2 months - insurance claims which were actually debated due to the startup..And after that in July, the Lithuanian central bank prohibited the provider coming from handling any sort of new clients after developing impatient at the business's failure to file its own yearly reports punctually. .