.EditorialThis content has actually been actually selected, generated as well as modified by the Finextra content crew based upon its own importance and enthusiasm to our community.According to a speaker for the Vilnius Area Court, the bankruptcy telephone call was created after reviewing the business's economic data and discovering that kevin was "not able to fulfill its own financial obligations on time".A personal bankruptcy instance has actually been opened by the court as well as IS Group has been actually assigned as the bankruptcy administrator..Kevin has actually considering that declared that it prepares to strike the insolvency decision.The court choice marks a dramatic succumb to the paytech firm which was actually as soon as flagged as the fastetst increasing fintech in Central and also Eastern Europe.Kevin had additionally reared $65m coming from its several investors, consisting of Accel as well as Eurazeo.The first signs of economic challenge were found in February when a report coming from on-line headlines website Filtered mentioned that kevin had actually fallen short to pay team for two months - claims which were negated by the startup..And after that in July, the Lithuanian reserve bank banned the firm coming from tackling any sort of new customers after growing impatient at the firm's breakdown to submit its yearly files in a timely manner. .