.EditorialThis information has been decided on, made and revised due to the Finextra editorial crew based upon its own importance and passion to our area.According to a speaker for the Vilnius District Court of law, the insolvency phone call was actually created after analyzing the business's economic data and discovering that kevin was "unable to meet its own monetary commitments punctually".A bankruptcy scenario has been opened due to the court and IS Group has actually been actually assigned as the insolvency administrator..Kevin has actually given that declared that it organizes to appeal the insolvency selection.The court of law decision marks a remarkable fall for the paytech company which was actually the moment flagged as the fastetst developing fintech in Central and Eastern Europe.Kevin had actually likewise reared $65m coming from its own various capitalists, featuring Accel and Eurazeo.The initial indications of financial challenge were observed in February when a record from on-line news internet site Sorted specified that kevin had actually failed to pay for workers for 2 months - claims which were actually refuted by the startup..And afterwards in July, the Lithuanian central bank disallowed the company coming from tackling any kind of brand-new clients after developing impatient at the provider's breakdown to submit its yearly documents on time. .