.EditorialThis web content has been picked, created as well as modified by the Finextra editorial staff based upon its own relevance and rate of interest to our area.According to a speaker for the Vilnius Area Court of law, the bankruptcy telephone call was actually made after reviewing the provider's monetary information and finding that kevin was "not able to meet its economic responsibilities on schedule".An insolvency scenario has actually levelled by the court of law and IS Group has actually been actually appointed as the insolvency supervisor..Kevin has given that declared that it prepares to appeal the insolvency selection.The court of law selection notes an impressive succumb to the paytech agency which was actually once flagged as the fastetst expanding fintech in Central and also Eastern Europe.Kevin had actually likewise brought up $65m coming from its own a variety of investors, featuring Accel and Eurazeo.The very first indications of economic trouble were found in February when a report coming from internet updates web site Sifted explained that kevin had fallen short to pay for team for 2 months - insurance claims which were actually refuted due to the startup..And then in July, the Lithuanian central bank banned the business from handling any kind of brand new clients after expanding impatient at the company's failure to file its own yearly files on schedule. .