.EditorialThis information has actually been decided on, generated and edited due to the Finextra content group located upon its importance and also rate of interest to our neighborhood.Depending on to an agent for the Vilnius District Court of law, the insolvency call was created after assessing the company's monetary data and finding that kevin was "incapable to meet its economic obligations punctually".A personal bankruptcy instance has levelled by the court and also IS Group has been assigned as the bankruptcy supervisor..Kevin has actually due to the fact that revealed that it plans to strike the insolvency selection.The court choice notes an impressive fall for the paytech company which was actually as soon as addressed as the fastetst growing fintech in Central as well as Eastern Europe.Kevin had actually likewise increased $65m coming from its a variety of entrepreneurs, featuring Accel and Eurazeo.The initial indicators of economic challenge were actually seen in February when a document from on-line headlines site Sifted explained that kevin had actually failed to spend workers for 2 months - cases which were actually refuted by the startup..And afterwards in July, the Lithuanian central bank outlawed the company from handling any new clients after increasing impatient at the provider's breakdown to file its own annual documents promptly. .