.EditorialThis information has been actually chosen, generated and also modified by the Finextra editorial staff located upon its relevance and also interest to our community.According to a representative for the Vilnius District Court of law, the insolvency call was actually created after examining the provider's monetary data and discovering that kevin was "not able to meet its own financial commitments in a timely manner".A bankruptcy case has actually levelled by the court as well as is actually Group has been actually selected as the bankruptcy supervisor..Kevin has actually given that introduced that it prepares to appeal the insolvency decision.The court of law selection marks a dramatic succumb to the paytech organization which was actually once addressed as the fastetst expanding fintech in Central as well as Eastern Europe.Kevin had also reared $65m coming from its a variety of entrepreneurs, consisting of Accel and Eurazeo.The first signs of monetary problem were found in February when a record from on-line information site Sorted mentioned that kevin had stopped working to pay staff for two months - cases which were shot down due to the startup..And after that in July, the Lithuanian central bank prohibited the business coming from tackling any brand-new clients after increasing impatient at the provider's breakdown to file its yearly documents punctually. .