.EditorialThis web content has actually been actually picked, made and also revised due to the Finextra editorial group located upon its own relevance as well as passion to our area.According to an agent for the Vilnius District Court, the insolvency call was actually helped make after reviewing the provider's financial information and also locating that kevin was actually "not able to satisfy its monetary commitments on schedule".An insolvency scenario has been opened due to the court of law as well as IS Group has actually been actually appointed as the bankruptcy administrator..Kevin has because declared that it intends to appeal the bankruptcy choice.The court of law choice marks an impressive succumb to the paytech firm which was once hailed as the fastetst increasing fintech in Central and also Eastern Europe.Kevin had also increased $65m coming from its own a variety of financiers, including Accel and Eurazeo.The first signs of financial problem were observed in February when a record coming from on the web information website Filtered said that kevin had stopped working to pay team for two months - claims which were negated due to the start-up..And after that in July, the Lithuanian reserve bank outlawed the business from handling any sort of brand-new clients after increasing impatient at the business's failure to file its yearly records in a timely manner. .