.EditorialThis material has been actually chosen, made and revised by the Finextra editorial group based upon its own relevance and passion to our community.Depending on to an agent for the Vilnius District Court of law, the bankruptcy phone call was actually helped make after analyzing the business's financial data as well as discovering that kevin was "not able to meet its own monetary responsibilities punctually".A bankruptcy scenario has been opened due to the court of law as well as IS Group has been actually appointed as the bankruptcy manager..Kevin has actually given that announced that it prepares to strike the insolvency selection.The court decision denotes a remarkable fall for the paytech company which was actually when flagged as the fastetst growing fintech in Central and Eastern Europe.Kevin had actually additionally raised $65m coming from its own different capitalists, including Accel and Eurazeo.The very first signs of economic challenge were actually viewed in February when a document from on-line headlines site Looked stated that kevin had actually neglected to pay for staff for pair of months - claims which were refuted due to the start-up..And afterwards in July, the Lithuanian central bank banned the firm from tackling any type of brand-new customers after growing impatient at the firm's failure to submit its own yearly reports promptly. .