.EditorialThis content has actually been actually chosen, developed and edited due to the Finextra editorial staff located upon its significance and passion to our community.Depending on to an agent for the Vilnius Area Court of law, the bankruptcy call was actually helped make after evaluating the provider’s financial data and also finding that kevin was actually “incapable to meet its economic responsibilities on time”.A personal bankruptcy situation has been opened by the court of law and IS Team has been actually selected as the insolvency supervisor..Kevin has since revealed that it plans to strike the bankruptcy choice.The court decision denotes an impressive succumb to the paytech agency which was actually when addressed as the fastetst increasing fintech in Central and Eastern Europe.Kevin had actually likewise increased $65m from its own different investors, including Accel as well as Eurazeo.The initial signs of monetary difficulty were seen in February when a report from internet information site Filtered mentioned that kevin had fallen short to spend personnel for two months – claims which were actually refuted by the start-up..And after that in July, the Lithuanian central bank prohibited the business from handling any sort of brand new customers after growing impatient at the provider’s breakdown to submit its own annual reports on time. .