.EditorialThis content has actually been decided on, generated and also revised due to the Finextra editorial group located upon its own importance and interest to our area.According to a spokesperson for the Vilnius Area Court of law, the bankruptcy telephone call was actually helped make after analyzing the business's monetary records and finding that kevin was "not able to fulfill its financial obligations promptly".A personal bankruptcy situation has been opened by the court of law and is actually Group has been selected as the bankruptcy manager..Kevin has actually due to the fact that introduced that it considers to appeal the bankruptcy decision.The court of law decision marks a significant fall for the paytech firm which was actually once addressed as the fastetst expanding fintech in Central as well as Eastern Europe.Kevin had actually additionally brought up $65m from its different financiers, consisting of Accel as well as Eurazeo.The initial signs of financial difficulty were actually seen in February when a record from online headlines site Filtered specified that kevin had neglected to pay staff for two months - cases which were actually debated due to the startup..And after that in July, the Lithuanian central bank disallowed the provider coming from taking on any type of new clients after expanding impatient at the provider's failure to file its own yearly files punctually. .