.EditorialThis information has actually been actually selected, created and edited by the Finextra editorial team located upon its own significance and enthusiasm to our community.According to a speaker for the Vilnius District Court, the insolvency phone call was made after reviewing the company's monetary data as well as finding that kevin was actually "unable to satisfy its financial commitments promptly".A bankruptcy case has levelled by the court of law as well as is actually Group has actually been designated as the bankruptcy supervisor..Kevin has considering that introduced that it intends to appeal the insolvency choice.The court choice notes an impressive fall for the paytech firm which was when hailed as the fastetst growing fintech in Central and also Eastern Europe.Kevin had actually also reared $65m from its own different capitalists, consisting of Accel as well as Eurazeo.The first signs of financial challenge were viewed in February when a document from on-line headlines website Filtered mentioned that kevin had actually neglected to pay team for 2 months - cases which were refuted due to the start-up..And after that in July, the Lithuanian central bank prohibited the business coming from handling any type of new customers after expanding impatient at the business's failure to submit its annual reports promptly. .