.EditorialThis web content has actually been actually selected, generated and also edited due to the Finextra content team located upon its own importance and enthusiasm to our area.Depending on to an agent for the Vilnius District Court of law, the insolvency call was produced after analyzing the provider's economic information as well as discovering that kevin was actually "unable to satisfy its economic commitments punctually".A personal bankruptcy situation has been opened by the court of law and also is actually Group has been appointed as the insolvency administrator..Kevin has actually since announced that it prepares to appeal the insolvency decision.The court selection denotes a dramatic fall for the paytech agency which was once hailed as the fastetst increasing fintech in Central and also Eastern Europe.Kevin had actually likewise increased $65m from its own numerous real estate investors, including Accel and Eurazeo.The very first signs of monetary difficulty were seen in February when a document coming from internet news website Sorted specified that kevin had stopped working to pay out staff for pair of months - cases which were actually quashed by the start-up..And then in July, the Lithuanian central bank disallowed the company from handling any new clients after increasing impatient at the firm's failing to submit its own annual documents promptly. .