.EditorialThis web content has actually been picked, produced and edited by the Finextra content crew located upon its own importance and also enthusiasm to our neighborhood.According to an agent for the Vilnius Area Court, the bankruptcy telephone call was made after analyzing the firm's monetary data and also finding that kevin was "unable to meet its monetary commitments in a timely manner".A bankruptcy instance has actually been opened due to the court and also is actually Group has been selected as the bankruptcy supervisor..Kevin has actually because announced that it considers to appeal the bankruptcy choice.The court decision notes an impressive succumb to the paytech company which was when flagged as the fastetst growing fintech in Central and Eastern Europe.Kevin had actually additionally increased $65m from its a variety of capitalists, consisting of Accel and Eurazeo.The first signs of financial challenge were found in February when a document from on-line headlines website Filtered explained that kevin had actually stopped working to spend workers for pair of months - cases which were shot down by the startup..And afterwards in July, the Lithuanian reserve bank disallowed the firm coming from taking on any new clients after increasing impatient at the business's failure to submit its own annual records promptly. .