.EditorialThis web content has been actually selected, generated as well as edited by the Finextra content crew based upon its own relevance as well as rate of interest to our community.Depending on to a representative for the Vilnius District Court of law, the bankruptcy phone call was helped make after analyzing the business's economic information and discovering that kevin was actually "not able to meet its own monetary obligations in a timely manner".A personal bankruptcy situation has been opened by the court as well as is actually Group has been appointed as the insolvency manager..Kevin has actually given that revealed that it intends to strike the bankruptcy selection.The court decision marks a significant succumb to the paytech firm which was actually when flagged as the fastetst growing fintech in Central and also Eastern Europe.Kevin had actually likewise increased $65m coming from its own different investors, featuring Accel and also Eurazeo.The 1st signs of economic trouble were actually observed in February when a file coming from on-line information web site Sorted specified that kevin had actually fallen short to spend team for two months - claims which were refuted by the start-up..And afterwards in July, the Lithuanian central bank banned the provider coming from handling any kind of brand new clients after increasing impatient at the firm's failing to submit its annual records on time. .