.EditorialThis information has been selected, generated and edited due to the Finextra content crew based upon its own significance and enthusiasm to our community.According to an agent for the Vilnius Area Court of law, the bankruptcy telephone call was created after examining the business's financial records and locating that kevin was "not able to fulfill its monetary commitments on time".A bankruptcy scenario has levelled due to the court of law and also IS Group has been actually appointed as the bankruptcy administrator..Kevin has considering that declared that it intends to strike the bankruptcy choice.The court decision denotes an impressive fall for the paytech organization which was the moment flagged as the fastetst developing fintech in Central and Eastern Europe.Kevin had actually likewise increased $65m coming from its numerous entrepreneurs, featuring Accel and also Eurazeo.The first signs of economic challenge were found in February when a record coming from on-line updates website Sorted said that kevin had fallen short to pay out personnel for pair of months - claims which were actually quashed due to the start-up..And afterwards in July, the Lithuanian reserve bank prohibited the provider from handling any sort of new customers after increasing impatient at the business's failure to submit its yearly reports on time. .