.EditorialThis web content has been actually chosen, produced as well as edited by the Finextra editorial team based upon its significance as well as enthusiasm to our neighborhood.According to a representative for the Vilnius District Court, the bankruptcy phone call was actually created after evaluating the firm's monetary data and also discovering that kevin was "incapable to meet its own financial obligations on schedule".An insolvency instance has actually levelled by the court and IS Group has actually been assigned as the insolvency supervisor..Kevin has actually since revealed that it considers to strike the insolvency decision.The court of law decision denotes a significant succumb to the paytech organization which was actually when addressed as the fastetst expanding fintech in Central and Eastern Europe.Kevin had additionally increased $65m coming from its various capitalists, including Accel as well as Eurazeo.The first indicators of economic challenge were actually viewed in February when a report from on the internet headlines internet site Sifted explained that kevin had failed to pay team for pair of months - cases which were refuted by the startup..And afterwards in July, the Lithuanian central bank prohibited the company from taking on any kind of brand new clients after growing impatient at the firm's failing to submit its yearly records on schedule. .