.EditorialThis content has been actually picked, produced as well as revised by the Finextra content staff based upon its relevance and also interest to our community.According to a representative for the Vilnius District Court, the insolvency telephone call was created after analyzing the firm's monetary information and also finding that kevin was actually "unable to satisfy its monetary commitments punctually".A bankruptcy situation has been opened due to the court of law and also IS Group has been actually appointed as the insolvency supervisor..Kevin has actually given that introduced that it organizes to strike the bankruptcy decision.The court choice denotes a dramatic fall for the paytech firm which was actually as soon as flagged as the fastetst increasing fintech in Central and also Eastern Europe.Kevin had also increased $65m coming from its different financiers, including Accel and Eurazeo.The 1st indications of economic challenge were actually viewed in February when a record coming from online updates website Sorted explained that kevin had fallen short to pay for personnel for pair of months - insurance claims which were negated by the start-up..And after that in July, the Lithuanian central bank disallowed the firm coming from handling any brand new clients after increasing impatient at the business's failure to submit its yearly reports in a timely manner. .