.EditorialThis content has been actually picked, made as well as revised due to the Finextra content crew located upon its own relevance as well as rate of interest to our area.According to a representative for the Vilnius Area Court of law, the insolvency phone call was created after reviewing the provider's economic records and discovering that kevin was actually "not able to fulfill its financial obligations on schedule".A bankruptcy case has been opened by the court as well as is actually Group has been actually selected as the insolvency administrator..Kevin has actually given that declared that it plans to appeal the bankruptcy selection.The court of law choice marks an impressive fall for the paytech agency which was actually once addressed as the fastetst increasing fintech in Central and Eastern Europe.Kevin had actually also raised $65m coming from its various real estate investors, featuring Accel as well as Eurazeo.The initial signs of financial difficulty were actually observed in February when a report coming from on-line information web site Sifted stated that kevin had neglected to pay out workers for two months - insurance claims which were quashed by the startup..And after that in July, the Lithuanian central bank prohibited the provider coming from handling any type of brand-new customers after expanding impatient at the company's failure to file its yearly documents in a timely manner. .