.EditorialThis content has been selected, developed and modified due to the Finextra content group located upon its importance as well as rate of interest to our neighborhood.Depending on to a speaker for the Vilnius District Court of law, the bankruptcy call was actually produced after assessing the business's monetary information and also finding that kevin was "not able to fulfill its monetary responsibilities on schedule".An insolvency instance has actually been opened by the court and also IS Group has been appointed as the insolvency manager..Kevin has given that introduced that it considers to strike the bankruptcy decision.The court of law selection marks an impressive succumb to the paytech firm which was actually once flagged as the fastetst expanding fintech in Central as well as Eastern Europe.Kevin had also reared $65m coming from its different financiers, featuring Accel and Eurazeo.The very first indicators of economic difficulty were seen in February when a record coming from on-line updates site Looked explained that kevin had neglected to pay out personnel for two months - insurance claims which were actually negated due to the start-up..And afterwards in July, the Lithuanian central bank prohibited the company from taking on any type of new clients after increasing impatient at the company's failing to submit its own yearly records on time. .