.EditorialThis information has actually been selected, created and also edited by the Finextra editorial team located upon its importance and also rate of interest to our neighborhood.Depending on to an agent for the Vilnius Area Court, the bankruptcy call was actually created after analyzing the business's monetary data as well as discovering that kevin was "not able to fulfill its own financial obligations on schedule".A personal bankruptcy case has actually levelled by the court of law and IS Group has been assigned as the bankruptcy manager..Kevin has due to the fact that revealed that it intends to appeal the bankruptcy selection.The court of law choice denotes an impressive fall for the paytech company which was actually when hailed as the fastetst increasing fintech in Central as well as Eastern Europe.Kevin had additionally increased $65m coming from its own various investors, including Accel and Eurazeo.The initial signs of financial challenge were actually viewed in February when a file coming from online news site Sorted specified that kevin had neglected to pay out personnel for pair of months - cases which were shot down due to the start-up..And then in July, the Lithuanian reserve bank outlawed the firm coming from taking on any sort of new clients after growing impatient at the company's breakdown to file its yearly files in a timely manner. .