.EditorialThis web content has been actually chosen, produced as well as modified due to the Finextra content staff located upon its own relevance and interest to our community.According to an agent for the Vilnius District Court, the bankruptcy phone call was actually created after assessing the business's monetary information as well as discovering that kevin was actually "incapable to satisfy its financial obligations on time".A bankruptcy case has actually levelled due to the court of law and also is actually Group has been actually selected as the insolvency administrator..Kevin has actually given that declared that it organizes to strike the bankruptcy decision.The court of law choice denotes a significant fall for the paytech company which was when addressed as the fastetst increasing fintech in Central and also Eastern Europe.Kevin had actually additionally reared $65m from its own different clients, consisting of Accel as well as Eurazeo.The initial indicators of financial problem were seen in February when a report coming from online headlines website Sifted stated that kevin had actually neglected to pay workers for 2 months - claims which were refuted by the start-up..And then in July, the Lithuanian reserve bank outlawed the company coming from taking on any type of new customers after developing impatient at the provider's failure to submit its annual reports in a timely manner. .