.EditorialThis content has actually been actually chosen, made and edited due to the Finextra editorial staff located upon its own relevance and also passion to our area.Depending on to a representative for the Vilnius Area Court, the insolvency telephone call was actually produced after analyzing the provider's financial data as well as discovering that kevin was actually "not able to satisfy its financial obligations on time".An insolvency situation has actually been opened due to the court as well as IS Team has actually been actually designated as the bankruptcy administrator..Kevin has actually because announced that it considers to strike the insolvency decision.The court choice denotes an impressive fall for the paytech company which was actually once hailed as the fastetst expanding fintech in Central and Eastern Europe.Kevin had likewise reared $65m coming from its own a variety of entrepreneurs, including Accel and Eurazeo.The 1st indicators of economic difficulty were seen in February when a report from on the web updates website Sifted specified that kevin had actually neglected to pay for team for two months - claims which were actually shot down by the startup..And afterwards in July, the Lithuanian central bank outlawed the company from tackling any type of new clients after expanding impatient at the provider's breakdown to file its annual reports in a timely manner. .