.EditorialThis information has been decided on, produced and revised by the Finextra editorial staff based upon its significance and also rate of interest to our neighborhood.According to a spokesperson for the Vilnius Area Court, the bankruptcy phone call was actually made after analyzing the firm's economic records and also finding that kevin was "unable to meet its economic responsibilities punctually".A bankruptcy case has been opened by the court of law as well as IS Group has been assigned as the insolvency supervisor..Kevin has actually due to the fact that introduced that it considers to appeal the bankruptcy selection.The court of law choice marks a significant fall for the paytech organization which was as soon as flagged as the fastetst developing fintech in Central as well as Eastern Europe.Kevin had actually also reared $65m coming from its a variety of investors, consisting of Accel and Eurazeo.The very first signs of financial difficulty were actually viewed in February when a report from on the web information website Looked specified that kevin had actually failed to pay out staff for two months - claims which were actually debated by the startup..And then in July, the Lithuanian reserve bank banned the firm coming from handling any type of brand-new clients after expanding impatient at the business's failure to file its own yearly files on schedule. .