.EditorialThis web content has been selected, produced as well as modified by the Finextra editorial staff located upon its importance as well as passion to our area.Depending on to a speaker for the Vilnius District Court, the insolvency phone call was actually created after analyzing the company's financial records as well as locating that kevin was "incapable to meet its financial responsibilities promptly".A personal bankruptcy instance has levelled by the court and also IS Group has been actually appointed as the bankruptcy supervisor..Kevin has because declared that it plans to appeal the insolvency choice.The court decision marks a remarkable fall for the paytech firm which was as soon as flagged as the fastetst growing fintech in Central and also Eastern Europe.Kevin had actually additionally brought up $65m coming from its own numerous entrepreneurs, consisting of Accel and also Eurazeo.The initial indications of economic difficulty were observed in February when a document coming from on the internet news site Filtered stated that kevin had actually fallen short to pay out workers for pair of months - cases which were shot down by the startup..And afterwards in July, the Lithuanian central bank disallowed the firm from taking on any type of new clients after growing impatient at the company's breakdown to file its yearly files on schedule. .