.EditorialThis content has actually been actually decided on, developed as well as edited due to the Finextra editorial crew based upon its relevance and also enthusiasm to our neighborhood.According to an agent for the Vilnius District Court, the insolvency call was actually made after analyzing the business's monetary data and finding that kevin was "not able to satisfy its economic obligations on time".A bankruptcy case has been opened by the court of law as well as IS Team has been assigned as the bankruptcy administrator..Kevin has actually given that announced that it organizes to strike the bankruptcy selection.The court of law selection denotes a significant fall for the paytech agency which was as soon as addressed as the fastetst increasing fintech in Central as well as Eastern Europe.Kevin had also increased $65m from its own several entrepreneurs, including Accel and also Eurazeo.The very first signs of economic difficulty were actually seen in February when a document from on-line updates site Sifted specified that kevin had failed to pay staff for two months - insurance claims which were actually refuted due to the startup..And after that in July, the Lithuanian central bank prohibited the business from taking on any kind of new customers after growing impatient at the firm's failure to file its own annual records punctually. .