.EditorialThis web content has been decided on, developed as well as revised by the Finextra editorial team located upon its relevance as well as interest to our neighborhood.Depending on to a speaker for the Vilnius District Court, the bankruptcy phone call was made after reviewing the provider's financial information as well as finding that kevin was actually "unable to satisfy its own economic commitments in a timely manner".A personal bankruptcy case has actually been opened due to the court and is actually Team has actually been assigned as the bankruptcy administrator..Kevin has actually because revealed that it plans to strike the bankruptcy choice.The court choice marks a dramatic fall for the paytech organization which was as soon as hailed as the fastetst developing fintech in Central as well as Eastern Europe.Kevin had additionally increased $65m from its several clients, including Accel as well as Eurazeo.The first indications of monetary trouble were viewed in February when a file coming from internet news website Filtered mentioned that kevin had actually stopped working to pay out staff for pair of months - cases which were negated due to the startup..And afterwards in July, the Lithuanian reserve bank prohibited the firm from taking on any kind of brand-new clients after expanding impatient at the provider's failing to file its own annual records promptly. .