.EditorialThis content has been actually selected, generated and edited due to the Finextra content crew based upon its importance and enthusiasm to our community.Depending on to a spokesperson for the Vilnius District Court of law, the insolvency telephone call was actually produced after reviewing the firm's economic records and finding that kevin was "incapable to meet its monetary obligations promptly".A bankruptcy instance has actually levelled due to the court of law as well as IS Team has been actually selected as the insolvency administrator..Kevin has actually since introduced that it plans to appeal the insolvency selection.The court decision denotes a remarkable fall for the paytech company which was actually once addressed as the fastetst developing fintech in Central as well as Eastern Europe.Kevin had also raised $65m from its several investors, featuring Accel and also Eurazeo.The first indications of economic trouble were actually observed in February when a report coming from on the internet news site Sifted mentioned that kevin had actually neglected to pay personnel for 2 months - claims which were quashed due to the start-up..And then in July, the Lithuanian central bank disallowed the provider coming from taking on any sort of brand-new customers after developing impatient at the business's failing to file its own annual reports on schedule. .