.EditorialThis material has actually been selected, produced as well as edited due to the Finextra editorial group based upon its own significance as well as enthusiasm to our community.According to an agent for the Vilnius Area Court, the bankruptcy telephone call was actually created after examining the business's financial information and also discovering that kevin was "incapable to meet its economic responsibilities promptly".A personal bankruptcy scenario has actually levelled by the court as well as IS Group has been actually selected as the bankruptcy supervisor..Kevin has actually since introduced that it intends to appeal the bankruptcy choice.The court choice denotes a remarkable fall for the paytech organization which was actually when flagged as the fastetst developing fintech in Central as well as Eastern Europe.Kevin had actually also raised $65m coming from its own different capitalists, consisting of Accel and also Eurazeo.The 1st signs of economic difficulty were found in February when a file from on the internet information website Sorted mentioned that kevin had actually stopped working to pay workers for two months - insurance claims which were actually quashed by the startup..And then in July, the Lithuanian central bank outlawed the company from tackling any new customers after increasing impatient at the firm's failing to submit its annual files on schedule. .