.EditorialThis web content has been actually selected, made and also revised by the Finextra editorial crew located upon its own significance and also enthusiasm to our community.According to a representative for the Vilnius District Court of law, the insolvency call was produced after assessing the provider's financial data and locating that kevin was actually "unable to fulfill its monetary responsibilities on time".A personal bankruptcy instance has been opened by the court and also is actually Team has actually been actually selected as the insolvency manager..Kevin has due to the fact that introduced that it plans to appeal the bankruptcy selection.The court of law choice notes a remarkable succumb to the paytech firm which was actually when addressed as the fastetst growing fintech in Central and Eastern Europe.Kevin had actually additionally brought up $65m coming from its own a variety of entrepreneurs, including Accel and Eurazeo.The initial signs of monetary challenge were observed in February when a report from online updates web site Filtered said that kevin had actually neglected to pay for team for pair of months - claims which were debated by the start-up..And after that in July, the Lithuanian central bank outlawed the business coming from handling any sort of brand-new clients after developing impatient at the company's failure to file its own annual documents on time. .