.EditorialThis information has been chosen, created as well as modified due to the Finextra editorial staff based upon its own importance and rate of interest to our community.According to a representative for the Vilnius District Court of law, the bankruptcy phone call was created after examining the firm's monetary records and also locating that kevin was "incapable to fulfill its own economic responsibilities on time".A personal bankruptcy scenario has been opened by the court and also is actually Team has been actually appointed as the insolvency administrator..Kevin has considering that announced that it considers to strike the bankruptcy choice.The court choice denotes a significant succumb to the paytech agency which was once hailed as the fastetst developing fintech in Central and Eastern Europe.Kevin had actually additionally raised $65m from its own various financiers, including Accel and Eurazeo.The initial indicators of economic problem were seen in February when a record coming from online headlines internet site Sorted specified that kevin had failed to pay out personnel for 2 months - claims which were actually shot down by the startup..And then in July, the Lithuanian central bank prohibited the company coming from tackling any kind of brand new clients after expanding impatient at the firm's breakdown to file its annual documents on schedule. .