.EditorialThis information has actually been decided on, produced as well as revised due to the Finextra editorial team located upon its significance and also interest to our area.Depending on to a speaker for the Vilnius Area Court of law, the bankruptcy phone call was actually produced after analyzing the company's monetary records as well as finding that kevin was actually "unable to meet its financial responsibilities punctually".A bankruptcy case has levelled due to the court and also IS Team has actually been actually designated as the insolvency manager..Kevin has considering that introduced that it plans to appeal the bankruptcy decision.The court of law selection notes a significant fall for the paytech organization which was once flagged as the fastetst growing fintech in Central as well as Eastern Europe.Kevin had likewise brought up $65m from its own a variety of real estate investors, featuring Accel as well as Eurazeo.The 1st indicators of economic trouble were observed in February when a report coming from on-line news web site Looked explained that kevin had failed to spend personnel for pair of months - claims which were refuted by the startup..And after that in July, the Lithuanian reserve bank disallowed the firm coming from tackling any brand-new customers after expanding impatient at the firm's failure to submit its own yearly records on time. .