.EditorialThis material has actually been actually picked, produced as well as revised by the Finextra editorial crew based upon its own importance as well as passion to our community.According to a spokesperson for the Vilnius District Court of law, the insolvency telephone call was actually made after evaluating the firm's financial records as well as finding that kevin was "unable to satisfy its own monetary obligations promptly".A bankruptcy scenario has levelled due to the court and also IS Group has actually been appointed as the bankruptcy supervisor..Kevin has actually given that announced that it plans to appeal the bankruptcy decision.The court choice marks an impressive succumb to the paytech agency which was once addressed as the fastetst developing fintech in Central as well as Eastern Europe.Kevin had also reared $65m coming from its own several real estate investors, including Accel and also Eurazeo.The initial indications of economic trouble were viewed in February when a document from online news site Filtered stated that kevin had actually neglected to pay out workers for pair of months - cases which were debated by the startup..And after that in July, the Lithuanian central bank disallowed the business coming from handling any kind of new customers after growing impatient at the firm's failure to file its annual reports punctually. .