.EditorialThis information has been actually selected, developed and also modified by the Finextra content team located upon its importance and rate of interest to our area.Depending on to a representative for the Vilnius District Court of law, the insolvency phone call was made after assessing the company's financial data and also finding that kevin was actually "unable to fulfill its own monetary obligations in a timely manner".A personal bankruptcy instance has been opened due to the court as well as is actually Group has been actually appointed as the bankruptcy supervisor..Kevin has given that announced that it prepares to appeal the bankruptcy choice.The court of law decision notes a remarkable succumb to the paytech firm which was as soon as flagged as the fastetst developing fintech in Central as well as Eastern Europe.Kevin had also increased $65m coming from its different investors, including Accel as well as Eurazeo.The first indications of monetary problem were actually seen in February when a report from online information web site Sifted said that kevin had actually failed to pay personnel for 2 months - cases which were actually debated due to the start-up..And then in July, the Lithuanian reserve bank disallowed the business coming from taking on any type of brand-new clients after increasing impatient at the company's breakdown to submit its yearly records in a timely manner. .