.EditorialThis material has been decided on, made and revised by the Finextra editorial crew based upon its own importance and passion to our community.According to a representative for the Vilnius District Court of law, the insolvency telephone call was actually made after reviewing the firm's monetary records and also locating that kevin was "not able to meet its own economic obligations on time".An insolvency situation has levelled due to the court of law and also is actually Group has actually been selected as the bankruptcy manager..Kevin has actually given that introduced that it considers to appeal the insolvency selection.The court of law selection notes a significant fall for the paytech firm which was when addressed as the fastetst increasing fintech in Central and Eastern Europe.Kevin had additionally brought up $65m coming from its own several capitalists, featuring Accel as well as Eurazeo.The first indicators of economic difficulty were observed in February when a document from internet information internet site Filtered mentioned that kevin had fallen short to pay out personnel for pair of months - claims which were refuted by the startup..And afterwards in July, the Lithuanian reserve bank banned the provider coming from tackling any kind of brand-new clients after expanding impatient at the business's failing to submit its own annual reports on schedule. .