.EditorialThis web content has been picked, generated and also modified due to the Finextra content group based upon its own significance as well as enthusiasm to our community.Depending on to an agent for the Vilnius Area Court, the insolvency telephone call was actually made after reviewing the business's economic records and discovering that kevin was actually "not able to satisfy its own economic responsibilities in a timely manner".A bankruptcy instance has levelled by the court as well as IS Group has been actually designated as the insolvency manager..Kevin has given that revealed that it organizes to appeal the insolvency choice.The court of law decision denotes a remarkable fall for the paytech agency which was as soon as hailed as the fastetst growing fintech in Central and Eastern Europe.Kevin had actually likewise brought up $65m from its different clients, including Accel and also Eurazeo.The 1st signs of financial challenge were viewed in February when a document from on-line headlines web site Sifted stated that kevin had actually failed to pay staff for two months - cases which were refuted by the start-up..And afterwards in July, the Lithuanian reserve bank disallowed the firm coming from taking on any brand new customers after growing impatient at the company's failing to file its own yearly files punctually. .