.EditorialThis information has been actually chosen, produced and also modified by the Finextra content team located upon its significance as well as rate of interest to our community.Depending on to a representative for the Vilnius District Court, the insolvency telephone call was made after reviewing the company's financial data as well as locating that kevin was actually "incapable to satisfy its monetary commitments in a timely manner".A bankruptcy instance has actually been opened by the court and also is actually Group has been actually designated as the bankruptcy administrator..Kevin has actually considering that introduced that it organizes to strike the bankruptcy choice.The court selection notes a remarkable fall for the paytech agency which was actually as soon as flagged as the fastetst growing fintech in Central and also Eastern Europe.Kevin had likewise increased $65m from its a variety of real estate investors, consisting of Accel and Eurazeo.The 1st signs of monetary difficulty were observed in February when a report coming from on the web updates site Sorted mentioned that kevin had actually stopped working to pay for workers for 2 months - claims which were actually negated due to the startup..And afterwards in July, the Lithuanian reserve bank disallowed the provider from taking on any sort of brand-new customers after growing impatient at the business's failure to submit its yearly files in a timely manner. .