.EditorialThis content has been selected, created and also revised by the Finextra content team based upon its importance and also rate of interest to our community.According to a speaker for the Vilnius Area Court of law, the bankruptcy phone call was produced after examining the provider's financial data and also finding that kevin was "incapable to satisfy its economic responsibilities promptly".A bankruptcy instance has been opened by the court of law as well as is actually Team has been actually assigned as the insolvency administrator..Kevin has considering that revealed that it intends to appeal the bankruptcy choice.The court selection marks a dramatic succumb to the paytech firm which was once flagged as the fastetst expanding fintech in Central and also Eastern Europe.Kevin had actually also reared $65m coming from its numerous investors, featuring Accel as well as Eurazeo.The very first indications of monetary problem were viewed in February when a file coming from on the web headlines internet site Sifted specified that kevin had actually fallen short to pay for team for pair of months - claims which were debated due to the start-up..And after that in July, the Lithuanian reserve bank disallowed the firm from taking on any sort of brand new clients after expanding impatient at the company's breakdown to file its own yearly files on time. .