.EditorialThis web content has actually been decided on, created and also modified by the Finextra editorial crew located upon its own importance and also rate of interest to our area.According to a spokesperson for the Vilnius Area Court, the bankruptcy call was actually created after reviewing the company's monetary data and finding that kevin was "unable to satisfy its monetary commitments on schedule".A bankruptcy scenario has actually been opened due to the court and also is actually Team has actually been selected as the bankruptcy administrator..Kevin has actually given that introduced that it prepares to appeal the insolvency selection.The court of law choice denotes a dramatic fall for the paytech agency which was when hailed as the fastetst expanding fintech in Central and Eastern Europe.Kevin had likewise increased $65m coming from its own various entrepreneurs, consisting of Accel and also Eurazeo.The very first indications of economic challenge were seen in February when a file from online information internet site Sifted specified that kevin had failed to pay personnel for 2 months - claims which were shot down by the start-up..And then in July, the Lithuanian reserve bank banned the company from handling any sort of new customers after expanding impatient at the business's failure to file its yearly files promptly. .