.EditorialThis content has been chosen, produced and also edited due to the Finextra content staff based upon its importance and also interest to our neighborhood.Depending on to a spokesperson for the Vilnius Area Court, the bankruptcy telephone call was created after analyzing the business's economic information and also discovering that kevin was "not able to fulfill its own economic commitments punctually".A bankruptcy scenario has been opened by the court of law and is actually Team has been actually designated as the bankruptcy manager..Kevin has due to the fact that announced that it considers to strike the bankruptcy selection.The court choice notes a remarkable succumb to the paytech agency which was as soon as hailed as the fastetst developing fintech in Central as well as Eastern Europe.Kevin had actually likewise raised $65m coming from its a variety of capitalists, featuring Accel and also Eurazeo.The very first indications of economic challenge were actually seen in February when a document coming from online information internet site Looked explained that kevin had actually fallen short to spend personnel for 2 months - insurance claims which were actually shot down due to the startup..And then in July, the Lithuanian reserve bank banned the provider from tackling any type of brand new clients after developing impatient at the firm's failure to file its own yearly records on schedule. .