.EditorialThis material has actually been actually decided on, produced and revised due to the Finextra editorial crew located upon its significance and also enthusiasm to our community.According to a speaker for the Vilnius Area Court of law, the bankruptcy telephone call was produced after examining the business's monetary records as well as discovering that kevin was "incapable to meet its financial obligations on schedule".A personal bankruptcy case has actually been opened due to the court of law and also is actually Team has actually been actually appointed as the insolvency supervisor..Kevin has considering that revealed that it intends to appeal the insolvency selection.The court choice notes an impressive succumb to the paytech company which was the moment addressed as the fastetst expanding fintech in Central and Eastern Europe.Kevin had actually likewise raised $65m from its own various capitalists, including Accel and Eurazeo.The initial indications of monetary problem were seen in February when a record coming from online information site Filtered specified that kevin had failed to pay out workers for two months - cases which were actually refuted due to the start-up..And then in July, the Lithuanian central bank prohibited the business from tackling any type of new customers after developing impatient at the company's failure to submit its own yearly records in a timely manner. .