.EditorialThis content has been actually chosen, produced as well as edited due to the Finextra editorial team located upon its significance and passion to our area.Depending on to an agent for the Vilnius District Court of law, the insolvency phone call was actually created after assessing the provider's financial data and also finding that kevin was actually "incapable to fulfill its own economic responsibilities in a timely manner".A personal bankruptcy situation has been opened by the court as well as IS Group has actually been designated as the insolvency supervisor..Kevin has due to the fact that declared that it plans to strike the insolvency decision.The court of law decision marks an impressive succumb to the paytech firm which was the moment addressed as the fastetst increasing fintech in Central and also Eastern Europe.Kevin had actually also increased $65m from its various entrepreneurs, featuring Accel and also Eurazeo.The initial indicators of financial trouble were actually viewed in February when a document coming from on-line updates website Filtered said that kevin had actually fallen short to pay team for pair of months - insurance claims which were refuted by the startup..And afterwards in July, the Lithuanian central bank prohibited the provider from taking on any kind of brand-new clients after expanding impatient at the business's failure to submit its own annual reports on time. .