.EditorialThis material has been picked, created and revised by the Finextra editorial staff located upon its relevance as well as enthusiasm to our area.According to a spokesperson for the Vilnius District Court, the bankruptcy phone call was actually helped make after analyzing the firm's financial information and finding that kevin was "incapable to satisfy its own financial commitments on time".A personal bankruptcy scenario has actually been opened due to the court as well as is actually Team has been actually appointed as the bankruptcy administrator..Kevin has actually due to the fact that declared that it organizes to strike the bankruptcy choice.The court of law decision denotes a dramatic succumb to the paytech agency which was when flagged as the fastetst growing fintech in Central and Eastern Europe.Kevin had actually likewise raised $65m coming from its several investors, including Accel and also Eurazeo.The initial indicators of financial difficulty were found in February when a document from on the web information web site Sorted stated that kevin had neglected to pay out personnel for two months - insurance claims which were debated by the start-up..And afterwards in July, the Lithuanian central bank prohibited the company coming from handling any brand new clients after growing impatient at the business's failing to submit its own annual files in a timely manner. .