.EditorialThis material has actually been decided on, generated and revised by the Finextra content group located upon its own importance as well as passion to our community.According to an agent for the Vilnius Area Court, the insolvency telephone call was made after analyzing the firm's financial records and also finding that kevin was "not able to satisfy its monetary obligations punctually".An insolvency scenario has been opened by the court of law as well as is actually Team has been actually appointed as the insolvency supervisor..Kevin has actually because announced that it plans to appeal the bankruptcy selection.The court of law selection denotes an impressive succumb to the paytech company which was the moment addressed as the fastetst expanding fintech in Central as well as Eastern Europe.Kevin had additionally reared $65m coming from its own several real estate investors, consisting of Accel and Eurazeo.The 1st indicators of financial problem were seen in February when a report from on the web news web site Filtered stated that kevin had actually stopped working to pay for personnel for two months - cases which were shot down due to the startup..And after that in July, the Lithuanian reserve bank outlawed the business coming from tackling any new customers after expanding impatient at the company's breakdown to submit its annual records in a timely manner. .