.EditorialThis information has been actually picked, made and revised by the Finextra content staff located upon its relevance and interest to our area.Depending on to a representative for the Vilnius Area Court, the bankruptcy call was produced after analyzing the business's monetary information as well as finding that kevin was actually "not able to fulfill its own financial obligations punctually".A personal bankruptcy instance has actually been opened by the court and IS Group has been actually appointed as the insolvency manager..Kevin has because declared that it intends to appeal the bankruptcy selection.The court decision marks a dramatic succumb to the paytech firm which was once hailed as the fastetst growing fintech in Central and also Eastern Europe.Kevin had actually likewise reared $65m from its own different investors, consisting of Accel as well as Eurazeo.The 1st signs of economic challenge were found in February when a record from on the web headlines site Sorted specified that kevin had actually failed to pay out personnel for two months - insurance claims which were shot down by the start-up..And afterwards in July, the Lithuanian reserve bank banned the business from handling any type of brand-new clients after expanding impatient at the firm's breakdown to submit its annual documents in a timely manner. .