.EditorialThis content has been decided on, produced and modified due to the Finextra editorial group located upon its relevance as well as enthusiasm to our area.According to a spokesperson for the Vilnius Area Court, the bankruptcy phone call was actually helped make after analyzing the business's financial records as well as discovering that kevin was "not able to satisfy its own financial responsibilities in a timely manner".A bankruptcy scenario has actually been opened due to the court of law and also is actually Team has actually been actually designated as the bankruptcy supervisor..Kevin has because announced that it intends to appeal the insolvency selection.The court of law choice denotes a dramatic fall for the paytech firm which was once addressed as the fastetst growing fintech in Central and Eastern Europe.Kevin had also increased $65m from its numerous financiers, including Accel as well as Eurazeo.The first signs of monetary problem were observed in February when a file coming from on the web news web site Sorted stated that kevin had stopped working to spend team for pair of months - insurance claims which were quashed by the start-up..And then in July, the Lithuanian central bank disallowed the company coming from tackling any kind of new customers after developing impatient at the company's failing to file its own annual files in a timely manner. .