.EditorialThis information has actually been actually selected, generated and also revised due to the Finextra editorial crew based upon its relevance and interest to our neighborhood.According to a representative for the Vilnius District Court of law, the bankruptcy telephone call was produced after examining the provider's economic data and locating that kevin was "incapable to meet its own financial responsibilities punctually".A bankruptcy situation has levelled by the court of law and is actually Team has actually been actually assigned as the insolvency supervisor..Kevin has since introduced that it organizes to strike the insolvency selection.The court selection denotes a remarkable fall for the paytech company which was once addressed as the fastetst developing fintech in Central as well as Eastern Europe.Kevin had also reared $65m coming from its own numerous capitalists, featuring Accel and also Eurazeo.The initial indications of economic problem were actually found in February when a document coming from on the internet news web site Sifted stated that kevin had actually stopped working to pay out staff for two months - cases which were negated by the start-up..And afterwards in July, the Lithuanian central bank prohibited the firm coming from taking on any brand new clients after increasing impatient at the company's breakdown to submit its own annual records on time. .