.EditorialThis content has been selected, made and revised by the Finextra editorial crew based upon its own significance and also interest to our community.According to a representative for the Vilnius District Court of law, the insolvency call was actually produced after analyzing the firm's financial information and also discovering that kevin was actually "incapable to satisfy its economic obligations on schedule".A personal bankruptcy scenario has levelled due to the court and is actually Team has actually been selected as the bankruptcy supervisor..Kevin has given that announced that it plans to strike the insolvency choice.The court selection denotes an impressive fall for the paytech organization which was the moment addressed as the fastetst developing fintech in Central and also Eastern Europe.Kevin had actually likewise brought up $65m from its numerous investors, consisting of Accel as well as Eurazeo.The initial indicators of economic trouble were actually seen in February when a record coming from on the web news site Filtered specified that kevin had actually stopped working to spend staff for 2 months - claims which were negated due to the startup..And after that in July, the Lithuanian central bank disallowed the firm from tackling any new customers after developing impatient at the provider's breakdown to submit its own annual reports punctually. .