.EditorialThis web content has actually been picked, generated as well as edited by the Finextra editorial team based upon its importance as well as interest to our community.According to a representative for the Vilnius Area Court of law, the insolvency telephone call was actually created after examining the firm's financial information as well as locating that kevin was actually "not able to fulfill its economic obligations on schedule".A personal bankruptcy case has levelled due to the court of law and also IS Team has actually been actually appointed as the insolvency supervisor..Kevin has actually given that introduced that it intends to strike the bankruptcy choice.The court of law decision marks a remarkable succumb to the paytech company which was actually when addressed as the fastetst growing fintech in Central and Eastern Europe.Kevin had actually additionally brought up $65m coming from its several capitalists, featuring Accel as well as Eurazeo.The 1st indications of monetary challenge were found in February when a document coming from on-line news web site Filtered stated that kevin had fallen short to spend team for two months - cases which were quashed due to the start-up..And then in July, the Lithuanian central bank banned the company from tackling any brand new customers after increasing impatient at the provider's failing to file its annual documents in a timely manner. .