.EditorialThis material has been actually picked, developed and also modified due to the Finextra content group based upon its relevance and rate of interest to our area.According to an agent for the Vilnius Area Court of law, the bankruptcy phone call was produced after examining the company's economic information and also discovering that kevin was "not able to meet its financial commitments on schedule".A personal bankruptcy situation has actually been opened due to the court of law as well as is actually Group has been selected as the bankruptcy administrator..Kevin has due to the fact that announced that it intends to strike the bankruptcy selection.The court of law decision denotes a significant succumb to the paytech agency which was actually as soon as addressed as the fastetst increasing fintech in Central and also Eastern Europe.Kevin had also raised $65m from its own various investors, consisting of Accel as well as Eurazeo.The initial signs of economic challenge were actually found in February when a report coming from on the internet headlines website Sorted said that kevin had fallen short to pay team for two months - insurance claims which were actually quashed due to the startup..And then in July, the Lithuanian central bank banned the company coming from handling any brand new clients after increasing impatient at the company's breakdown to file its yearly documents promptly. .