.EditorialThis information has been actually picked, developed and modified by the Finextra editorial group based upon its own importance and also rate of interest to our area.Depending on to a representative for the Vilnius Area Court, the bankruptcy telephone call was actually produced after assessing the business's economic information and also locating that kevin was "not able to meet its own economic commitments punctually".An insolvency case has been opened by the court of law and is actually Group has actually been actually assigned as the bankruptcy supervisor..Kevin has due to the fact that revealed that it prepares to strike the insolvency selection.The court selection denotes an impressive fall for the paytech company which was actually the moment hailed as the fastetst increasing fintech in Central as well as Eastern Europe.Kevin had additionally raised $65m coming from its several investors, consisting of Accel as well as Eurazeo.The 1st signs of financial challenge were found in February when a file coming from on the internet information website Filtered specified that kevin had actually failed to pay workers for two months - cases which were debated by the start-up..And afterwards in July, the Lithuanian reserve bank outlawed the provider from tackling any type of brand-new customers after developing impatient at the business's breakdown to submit its yearly records on schedule. .