.EditorialThis web content has been selected, produced as well as edited due to the Finextra editorial crew based upon its importance as well as passion to our area.According to a spokesperson for the Vilnius District Court of law, the bankruptcy phone call was made after assessing the firm's monetary information and discovering that kevin was "unable to satisfy its financial responsibilities promptly".A personal bankruptcy scenario has actually been opened by the court and is actually Group has been selected as the insolvency administrator..Kevin has actually because revealed that it considers to strike the insolvency decision.The court of law choice denotes a significant fall for the paytech company which was the moment flagged as the fastetst increasing fintech in Central and Eastern Europe.Kevin had actually additionally raised $65m coming from its own numerous capitalists, featuring Accel and also Eurazeo.The 1st indicators of economic challenge were actually observed in February when a report from on-line headlines site Filtered stated that kevin had neglected to pay team for 2 months - cases which were actually quashed due to the startup..And afterwards in July, the Lithuanian reserve bank outlawed the company coming from handling any type of brand new clients after increasing impatient at the company's breakdown to submit its own yearly files on schedule. .