.EditorialThis content has been chosen, generated and edited by the Finextra editorial crew based upon its own relevance and also passion to our area.According to a speaker for the Vilnius Area Court of law, the insolvency telephone call was created after evaluating the business's economic records and also finding that kevin was "not able to fulfill its economic commitments punctually".A personal bankruptcy case has actually levelled due to the court of law and is actually Team has been actually selected as the bankruptcy administrator..Kevin has actually considering that declared that it considers to strike the bankruptcy choice.The court of law choice denotes an impressive fall for the paytech organization which was when flagged as the fastetst expanding fintech in Central and also Eastern Europe.Kevin had actually additionally raised $65m from its own several investors, including Accel and also Eurazeo.The very first indications of economic challenge were observed in February when a document from on the web updates website Looked said that kevin had neglected to pay for team for pair of months - insurance claims which were actually negated by the start-up..And after that in July, the Lithuanian reserve bank disallowed the firm coming from taking on any kind of brand new customers after increasing impatient at the firm's breakdown to file its yearly files on time. .