.EditorialThis web content has actually been actually decided on, produced as well as edited by the Finextra editorial staff based upon its own significance and also passion to our area.According to a speaker for the Vilnius Area Court, the bankruptcy call was produced after assessing the business's financial information as well as locating that kevin was actually "unable to satisfy its economic commitments punctually".A personal bankruptcy instance has actually levelled due to the court of law as well as is actually Group has actually been designated as the bankruptcy administrator..Kevin has due to the fact that announced that it considers to appeal the bankruptcy decision.The court selection denotes a remarkable succumb to the paytech firm which was actually as soon as addressed as the fastetst growing fintech in Central as well as Eastern Europe.Kevin had additionally brought up $65m coming from its different capitalists, featuring Accel as well as Eurazeo.The initial signs of financial challenge were actually found in February when a file from online news site Looked explained that kevin had actually stopped working to pay for team for pair of months - claims which were negated due to the startup..And after that in July, the Lithuanian central bank outlawed the firm from taking on any brand-new clients after developing impatient at the company's failure to submit its yearly records in a timely manner. .