.EditorialThis material has actually been selected, produced and also revised by the Finextra editorial team based upon its own significance as well as interest to our neighborhood.Depending on to an agent for the Vilnius Area Court of law, the insolvency telephone call was produced after reviewing the business's financial records as well as locating that kevin was "not able to satisfy its own financial obligations in a timely manner".An insolvency instance has actually levelled by the court of law and also is actually Team has actually been designated as the bankruptcy supervisor..Kevin has actually considering that revealed that it intends to appeal the insolvency choice.The court selection notes a significant succumb to the paytech company which was the moment hailed as the fastetst expanding fintech in Central and also Eastern Europe.Kevin had actually likewise raised $65m from its own several capitalists, featuring Accel and Eurazeo.The 1st indicators of monetary challenge were viewed in February when a file from on-line updates web site Looked explained that kevin had actually neglected to pay for staff for 2 months - cases which were actually refuted by the startup..And afterwards in July, the Lithuanian reserve bank prohibited the provider from handling any kind of brand-new customers after developing impatient at the company's failure to file its annual records punctually. .