.EditorialThis content has actually been chosen, generated as well as modified due to the Finextra content team based upon its importance as well as rate of interest to our community.Depending on to a spokesperson for the Vilnius Area Court of law, the bankruptcy call was produced after analyzing the company's financial information and finding that kevin was actually "unable to satisfy its monetary obligations promptly".A bankruptcy scenario has actually levelled by the court as well as is actually Team has been designated as the insolvency supervisor..Kevin has considering that introduced that it intends to strike the bankruptcy decision.The court choice marks an impressive succumb to the paytech company which was the moment flagged as the fastetst expanding fintech in Central and also Eastern Europe.Kevin had actually also brought up $65m coming from its own different entrepreneurs, consisting of Accel and Eurazeo.The very first indications of monetary problem were actually observed in February when a document from on-line headlines internet site Sorted mentioned that kevin had stopped working to pay personnel for pair of months - claims which were actually refuted due to the startup..And afterwards in July, the Lithuanian central bank banned the provider from tackling any new customers after growing impatient at the provider's failing to file its own annual documents punctually. .