.EditorialThis material has been picked, made as well as modified by the Finextra editorial staff based upon its relevance as well as enthusiasm to our community.According to a representative for the Vilnius District Court of law, the insolvency phone call was made after reviewing the firm’s financial information and also finding that kevin was “unable to meet its own financial commitments promptly”.A personal bankruptcy case has levelled due to the court and is actually Team has actually been actually designated as the insolvency administrator..Kevin has since announced that it prepares to strike the bankruptcy selection.The court of law selection marks a significant fall for the paytech agency which was as soon as addressed as the fastetst growing fintech in Central and also Eastern Europe.Kevin had actually also brought up $65m coming from its own various capitalists, including Accel and also Eurazeo.The first indicators of monetary difficulty were actually seen in February when a file from on the web updates website Sorted explained that kevin had actually failed to pay workers for pair of months – claims which were shot down due to the start-up..And after that in July, the Lithuanian reserve bank prohibited the provider coming from taking on any sort of brand new customers after growing impatient at the provider’s failure to submit its own yearly files promptly. .