.EditorialThis information has been actually decided on, made and also modified due to the Finextra editorial group located upon its significance as well as rate of interest to our community.Depending on to a speaker for the Vilnius District Court of law, the bankruptcy call was produced after analyzing the firm's economic information and finding that kevin was "not able to meet its own financial responsibilities punctually".A bankruptcy scenario has been opened by the court as well as IS Team has been designated as the insolvency manager..Kevin has since revealed that it plans to appeal the bankruptcy selection.The court of law selection notes a significant fall for the paytech organization which was actually as soon as addressed as the fastetst increasing fintech in Central and Eastern Europe.Kevin had also reared $65m from its own various capitalists, featuring Accel as well as Eurazeo.The first indicators of financial difficulty were actually observed in February when a file coming from online headlines website Sorted explained that kevin had actually stopped working to spend team for 2 months - cases which were shot down by the start-up..And then in July, the Lithuanian reserve bank outlawed the provider from taking on any brand new clients after expanding impatient at the provider's failure to submit its own annual records on schedule. .