.EditorialThis information has actually been picked, produced and revised due to the Finextra editorial crew based upon its own relevance and rate of interest to our community.According to a speaker for the Vilnius Area Court of law, the insolvency telephone call was produced after analyzing the company's monetary information as well as discovering that kevin was "not able to meet its own economic commitments on time".An insolvency case has actually been opened due to the court as well as is actually Group has been actually designated as the insolvency manager..Kevin has because introduced that it prepares to strike the insolvency choice.The court decision notes an impressive succumb to the paytech company which was when flagged as the fastetst growing fintech in Central and also Eastern Europe.Kevin had additionally increased $65m from its own different entrepreneurs, including Accel as well as Eurazeo.The 1st indications of economic problem were actually found in February when a file from online news site Looked mentioned that kevin had neglected to spend staff for two months - insurance claims which were actually debated by the start-up..And after that in July, the Lithuanian central bank banned the business coming from handling any new clients after expanding impatient at the company's failure to submit its yearly documents promptly. .