.EditorialThis information has actually been actually picked, produced and edited due to the Finextra content crew based upon its own significance and also interest to our neighborhood.Depending on to a spokesperson for the Vilnius Area Court of law, the bankruptcy call was actually created after assessing the firm's financial information and also locating that kevin was "incapable to meet its economic commitments punctually".A personal bankruptcy scenario has actually been opened by the court and IS Team has been appointed as the insolvency manager..Kevin has since introduced that it plans to strike the bankruptcy decision.The court choice denotes a significant succumb to the paytech organization which was actually once hailed as the fastetst growing fintech in Central as well as Eastern Europe.Kevin had also increased $65m from its a variety of real estate investors, featuring Accel and Eurazeo.The 1st indications of monetary challenge were viewed in February when a record from on-line news web site Sifted explained that kevin had stopped working to pay workers for 2 months - insurance claims which were shot down due to the start-up..And after that in July, the Lithuanian central bank disallowed the firm coming from taking on any type of new customers after expanding impatient at the business's failure to file its own yearly reports punctually. .