.EditorialThis material has been actually selected, created and also edited by the Finextra content team based upon its relevance as well as passion to our neighborhood.According to a spokesperson for the Vilnius District Court of law, the insolvency call was actually produced after evaluating the provider's economic records and locating that kevin was actually "not able to meet its economic responsibilities on time".A bankruptcy case has levelled due to the court of law and also IS Group has been appointed as the bankruptcy supervisor..Kevin has actually since introduced that it plans to strike the bankruptcy selection.The court of law decision notes a dramatic succumb to the paytech organization which was as soon as addressed as the fastetst developing fintech in Central as well as Eastern Europe.Kevin had actually also raised $65m coming from its own a variety of capitalists, featuring Accel and also Eurazeo.The first signs of monetary difficulty were actually viewed in February when a record coming from on the internet information internet site Sorted explained that kevin had actually neglected to spend staff for two months - insurance claims which were shot down by the startup..And then in July, the Lithuanian central bank disallowed the company coming from tackling any sort of brand-new customers after developing impatient at the firm's failing to file its annual records on schedule. .