Daniel Tzvetkoff

Daniel Kim Tzvetkoff (born October 1983 in Ipswich, Queensland) is the founder of Intabill.

He began his own web design business at the age of 13. At 16, he was animating cartoons for The New York Times website. He left school in 2000 having developed software for processing online payments securely just as a worldwide boom in Internet shopping was occurring globally.

In 2004 Tzvetkoff teamed up with lawyer Sam Sciacca, a cousin of former federal Labor MP Con Sciacca, to run Intabill. Sciacca would handle the business side while Tzvetkoff focused on the software and product development. Intabill quickly became one of the world's largest online billing companies.

He appeared on the 2008 edition of the BRW Young Rich List. His business had grown "10 to 20 per cent" every month since its inception. Five thousand clients in 70 countries - many of them online gambling operators - were using the company's technology to take payments from customers.

With the large amount of cash flow from processing Sciacca & Tzvetkoff began to make a number of large investments. In early 2008 Tzvetkoff & Sciacca formed Hugo Services and Trendsact in partnership with Curtis Pope (formerly Selling Source) and John Scott Clark (Impact Payments). The payday lender was named after Tzvetkoff’s son (Hugo). Hugo Services was launched with over $27m USD in capital loaned from BT Projects the parent company of Intabill. Hugo (the company) was a runaway success, more than doubling in value over its initial nine months of operation to over $60 million.

Hugo Services was formed Quid pro quo in exchange for Pope and Clark forming upstream processing relationships for Intabill. They would process the Poker transactions in exchange Intabill would invest in the payday lending partnership. Hugo Services was set up in Las Vegas and employed over 150 staff.

With the huge success of both Intabill and the payday lending business Tzvetkoff & Sciacca began to invest in numerous properties and businesses. Both businesses continued to expand until late 2008.

In late 2008 Intabill began to have cash flow issues with a number of upstream processors having large sums of funds frozen by the DOJ/FBI efforts to curb illegal online Poker. In total Intabill had over $20 million frozen or forfeited due to processing for online Poker operators. Around the same time processing volumes began to decline and due to both of these issues Intabill was left owing more to its clients than it had cash flow.

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