.EditorialThis material has been actually selected, developed as well as revised due to the Finextra content group based upon its own importance and also passion to our community.According to a representative for the Vilnius District Court of law, the insolvency phone call was produced after assessing the company's monetary data as well as discovering that kevin was actually "unable to satisfy its own financial obligations in a timely manner".A bankruptcy case has levelled by the court of law and is actually Team has actually been assigned as the bankruptcy manager..Kevin has actually since declared that it intends to strike the bankruptcy selection.The court of law selection denotes a remarkable succumb to the paytech agency which was the moment addressed as the fastetst developing fintech in Central as well as Eastern Europe.Kevin had also reared $65m coming from its own different clients, consisting of Accel and also Eurazeo.The 1st signs of monetary difficulty were actually observed in February when a file coming from on the web information site Sifted specified that kevin had stopped working to spend staff for two months - cases which were actually negated by the start-up..And after that in July, the Lithuanian central bank banned the company from handling any type of new clients after developing impatient at the firm's breakdown to file its yearly records on time. .