.EditorialThis information has been decided on, created and also edited due to the Finextra editorial team located upon its own importance and passion to our area.Depending on to a speaker for the Vilnius District Court, the insolvency call was made after assessing the company’s economic records and also discovering that kevin was actually “incapable to meet its economic obligations promptly”.An insolvency instance has actually levelled due to the court and also IS Team has been selected as the insolvency supervisor..Kevin has because declared that it plans to strike the insolvency selection.The court selection denotes a dramatic succumb to the paytech company which was as soon as flagged as the fastetst increasing fintech in Central and Eastern Europe.Kevin had additionally raised $65m coming from its different capitalists, featuring Accel and also Eurazeo.The very first indications of monetary difficulty were actually seen in February when a file from on the internet news internet site Filtered explained that kevin had actually neglected to pay for team for 2 months – insurance claims which were quashed due to the start-up..And after that in July, the Lithuanian reserve bank banned the company from tackling any kind of brand-new clients after increasing impatient at the provider’s failure to submit its own annual documents on schedule. .