.EditorialThis web content has been selected, made and edited due to the Finextra editorial group located upon its significance as well as enthusiasm to our area.According to a speaker for the Vilnius District Court, the insolvency telephone call was made after assessing the firm's economic data and discovering that kevin was "incapable to satisfy its own economic obligations on time".A bankruptcy case has actually levelled by the court of law and also is actually Team has actually been actually appointed as the bankruptcy administrator..Kevin has actually because revealed that it prepares to strike the insolvency decision.The court of law selection marks a remarkable fall for the paytech agency which was actually as soon as flagged as the fastetst increasing fintech in Central as well as Eastern Europe.Kevin had also reared $65m from its numerous clients, featuring Accel and Eurazeo.The first signs of economic difficulty were actually viewed in February when a report coming from online updates site Sifted specified that kevin had actually stopped working to pay personnel for pair of months - claims which were actually debated by the startup..And afterwards in July, the Lithuanian reserve bank prohibited the provider from handling any sort of brand new clients after expanding impatient at the company's breakdown to file its own yearly reports in a timely manner. .