.EditorialThis material has actually been selected, generated and also modified by the Finextra editorial staff located upon its own importance and rate of interest to our community.Depending on to an agent for the Vilnius Area Court, the bankruptcy call was helped make after evaluating the business's economic data and finding that kevin was "incapable to meet its economic responsibilities in a timely manner".A bankruptcy case has levelled by the court of law and is actually Group has been actually selected as the insolvency manager..Kevin has actually due to the fact that revealed that it prepares to appeal the bankruptcy decision.The court of law choice denotes a dramatic succumb to the paytech firm which was actually as soon as flagged as the fastetst expanding fintech in Central and Eastern Europe.Kevin had actually likewise brought up $65m coming from its own a variety of clients, featuring Accel and Eurazeo.The initial indications of monetary challenge were observed in February when a record coming from on-line information internet site Looked specified that kevin had stopped working to pay out staff for 2 months - claims which were actually negated by the startup..And afterwards in July, the Lithuanian central bank disallowed the firm coming from tackling any sort of new clients after growing impatient at the business's failure to submit its own annual files promptly. .