.EditorialThis content has been decided on, produced as well as edited due to the Finextra content staff based upon its significance and also interest to our community.Depending on to an agent for the Vilnius District Court, the bankruptcy phone call was actually produced after reviewing the company's financial information and also locating that kevin was "not able to fulfill its economic obligations promptly".A bankruptcy case has levelled by the court and also IS Group has been assigned as the bankruptcy supervisor..Kevin has actually due to the fact that introduced that it considers to appeal the insolvency decision.The court of law selection denotes a dramatic succumb to the paytech organization which was when hailed as the fastetst developing fintech in Central and also Eastern Europe.Kevin had actually also brought up $65m coming from its own various investors, featuring Accel and also Eurazeo.The 1st indicators of economic challenge were found in February when a document from on the internet updates site Sifted explained that kevin had neglected to spend staff for two months - claims which were quashed due to the start-up..And afterwards in July, the Lithuanian central bank disallowed the company from taking on any new customers after expanding impatient at the company's breakdown to submit its own yearly records punctually. .