.EditorialThis web content has been actually chosen, created and revised due to the Finextra editorial group located upon its own importance as well as enthusiasm to our community.According to a speaker for the Vilnius Area Court of law, the insolvency phone call was made after analyzing the firm's monetary records and also discovering that kevin was "not able to satisfy its monetary commitments on time".A bankruptcy situation has actually levelled by the court of law and IS Team has actually been actually selected as the insolvency administrator..Kevin has considering that declared that it considers to strike the bankruptcy choice.The court choice notes a significant succumb to the paytech company which was actually once addressed as the fastetst expanding fintech in Central as well as Eastern Europe.Kevin had actually additionally raised $65m from its own a variety of real estate investors, featuring Accel and also Eurazeo.The 1st indicators of monetary trouble were seen in February when a document from internet information web site Sorted explained that kevin had fallen short to pay for workers for pair of months - claims which were actually shot down due to the start-up..And afterwards in July, the Lithuanian reserve bank outlawed the company coming from tackling any type of brand new customers after developing impatient at the provider's failure to file its own yearly reports in a timely manner. .