.EditorialThis web content has been actually decided on, developed as well as modified by the Finextra content crew located upon its relevance as well as interest to our neighborhood.According to a representative for the Vilnius District Court, the insolvency telephone call was actually made after analyzing the provider's economic records and also locating that kevin was actually "not able to fulfill its own financial commitments in a timely manner".A personal bankruptcy instance has actually levelled due to the court and also IS Group has actually been appointed as the insolvency administrator..Kevin has actually because announced that it organizes to strike the insolvency decision.The court of law decision notes a remarkable succumb to the paytech organization which was actually the moment hailed as the fastetst growing fintech in Central and also Eastern Europe.Kevin had additionally reared $65m coming from its different financiers, including Accel and also Eurazeo.The very first indications of economic problem were viewed in February when a file coming from on the web information internet site Sifted stated that kevin had actually neglected to spend staff for 2 months - cases which were quashed by the start-up..And then in July, the Lithuanian central bank disallowed the business coming from tackling any sort of brand-new clients after expanding impatient at the business's failing to file its yearly files on schedule. .