.EditorialThis information has been actually picked, generated and revised by the Finextra content staff located upon its relevance as well as passion to our community.According to a representative for the Vilnius Area Court of law, the bankruptcy call was created after assessing the provider's monetary data and also discovering that kevin was "not able to meet its own economic responsibilities on schedule".A bankruptcy instance has actually been opened due to the court as well as IS Team has been actually designated as the bankruptcy administrator..Kevin has actually since revealed that it intends to appeal the bankruptcy decision.The court selection denotes a dramatic fall for the paytech firm which was actually once addressed as the fastetst growing fintech in Central as well as Eastern Europe.Kevin had actually likewise reared $65m coming from its own various capitalists, featuring Accel and Eurazeo.The 1st signs of monetary difficulty were actually found in February when a document from on the internet headlines site Sifted specified that kevin had neglected to pay out workers for pair of months - claims which were actually quashed due to the start-up..And afterwards in July, the Lithuanian central bank banned the company from tackling any sort of brand new customers after expanding impatient at the business's breakdown to submit its annual reports on schedule. .