.EditorialThis content has been actually picked, produced and modified due to the Finextra editorial crew based upon its own relevance and also enthusiasm to our community.According to a spokesperson for the Vilnius District Court of law, the bankruptcy phone call was produced after examining the provider's financial records and finding that kevin was "incapable to satisfy its own economic obligations in a timely manner".A personal bankruptcy situation has levelled due to the court of law and IS Group has actually been actually appointed as the bankruptcy administrator..Kevin has due to the fact that declared that it organizes to appeal the bankruptcy selection.The court of law decision denotes a remarkable succumb to the paytech organization which was actually the moment addressed as the fastetst growing fintech in Central and also Eastern Europe.Kevin had actually likewise raised $65m from its own numerous entrepreneurs, including Accel and also Eurazeo.The first indicators of monetary difficulty were found in February when a document coming from internet information web site Sorted stated that kevin had fallen short to spend staff for two months - claims which were actually shot down by the startup..And after that in July, the Lithuanian reserve bank prohibited the company coming from handling any new customers after developing impatient at the firm's failing to submit its annual files on schedule. .