.EditorialThis information has been actually picked, generated as well as revised by the Finextra content crew located upon its relevance as well as interest to our community.According to a spokesperson for the Vilnius District Court of law, the insolvency call was actually helped make after reviewing the provider's monetary information and also discovering that kevin was "incapable to fulfill its economic obligations punctually".An insolvency situation has levelled due to the court of law and is actually Team has been actually selected as the bankruptcy administrator..Kevin has actually since revealed that it prepares to strike the insolvency selection.The court of law selection notes a dramatic succumb to the paytech agency which was actually as soon as hailed as the fastetst increasing fintech in Central and Eastern Europe.Kevin had actually additionally brought up $65m from its own several investors, including Accel as well as Eurazeo.The 1st indicators of monetary trouble were actually found in February when a record from on-line news internet site Sifted said that kevin had actually neglected to pay personnel for two months - claims which were actually refuted due to the start-up..And then in July, the Lithuanian central bank disallowed the business coming from tackling any sort of new customers after expanding impatient at the business's breakdown to file its yearly records on schedule. .