.EditorialThis material has actually been actually selected, created and revised due to the Finextra editorial team based upon its importance as well as interest to our community.Depending on to a spokesperson for the Vilnius District Court of law, the bankruptcy call was actually produced after assessing the firm's economic data and also discovering that kevin was "incapable to fulfill its economic responsibilities punctually".A bankruptcy scenario has actually levelled due to the court of law and is actually Team has actually been assigned as the insolvency manager..Kevin has due to the fact that declared that it considers to appeal the bankruptcy selection.The court of law decision marks a remarkable succumb to the paytech organization which was actually when hailed as the fastetst expanding fintech in Central as well as Eastern Europe.Kevin had also raised $65m from its several clients, including Accel as well as Eurazeo.The very first indications of economic problem were seen in February when a file coming from internet headlines web site Sorted mentioned that kevin had actually stopped working to pay out personnel for two months - insurance claims which were actually refuted by the startup..And then in July, the Lithuanian central bank prohibited the provider coming from tackling any type of brand new customers after increasing impatient at the provider's failing to submit its annual documents in a timely manner. .