.EditorialThis web content has been decided on, produced and revised by the Finextra content team located upon its own importance and also interest to our neighborhood.Depending on to a speaker for the Vilnius Area Court, the bankruptcy telephone call was actually created after assessing the firm's monetary data and also discovering that kevin was "unable to meet its economic commitments promptly".A personal bankruptcy case has actually been opened by the court of law and also is actually Group has been actually assigned as the bankruptcy administrator..Kevin has considering that declared that it plans to strike the insolvency choice.The court choice notes a remarkable fall for the paytech firm which was when flagged as the fastetst growing fintech in Central as well as Eastern Europe.Kevin had likewise increased $65m from its numerous investors, featuring Accel and also Eurazeo.The initial indications of economic trouble were found in February when a document coming from on the internet updates site Sifted mentioned that kevin had actually failed to pay out staff for pair of months - cases which were refuted due to the start-up..And afterwards in July, the Lithuanian reserve bank prohibited the company from tackling any sort of new customers after expanding impatient at the provider's breakdown to submit its yearly reports punctually. .