.EditorialThis information has actually been selected, generated and edited by the Finextra content team based upon its own importance and rate of interest to our area.Depending on to a spokesperson for the Vilnius District Court of law, the bankruptcy phone call was actually helped make after examining the business's economic data and also locating that kevin was actually "not able to fulfill its own financial commitments promptly".A bankruptcy instance has actually been opened by the court of law as well as IS Group has been designated as the insolvency administrator..Kevin has because announced that it considers to strike the bankruptcy decision.The court decision marks a significant fall for the paytech company which was when addressed as the fastetst increasing fintech in Central as well as Eastern Europe.Kevin had additionally reared $65m from its various real estate investors, consisting of Accel and also Eurazeo.The very first indicators of monetary difficulty were actually seen in February when a record from online headlines website Filtered stated that kevin had fallen short to pay personnel for 2 months - cases which were refuted due to the startup..And after that in July, the Lithuanian reserve bank banned the business from tackling any kind of brand new customers after growing impatient at the firm's failing to file its yearly documents promptly. .