.EditorialThis web content has been selected, generated as well as revised by the Finextra content crew located upon its significance and interest to our community.According to a speaker for the Vilnius District Court, the insolvency phone call was actually helped make after evaluating the firm's financial information and also finding that kevin was "unable to fulfill its own monetary commitments on schedule".A bankruptcy instance has been opened due to the court of law as well as is actually Group has been actually appointed as the insolvency administrator..Kevin has due to the fact that announced that it plans to strike the insolvency selection.The court of law decision marks an impressive fall for the paytech firm which was when flagged as the fastetst growing fintech in Central as well as Eastern Europe.Kevin had likewise reared $65m coming from its a variety of financiers, including Accel and Eurazeo.The initial signs of financial problem were seen in February when a document from online information internet site Sorted stated that kevin had failed to pay out team for pair of months - cases which were actually debated by the start-up..And afterwards in July, the Lithuanian reserve bank outlawed the firm coming from handling any type of new customers after growing impatient at the company's breakdown to file its own yearly records on time. .