diff --git a/resources/sql/autopatches/20140911.fund.4.backer.sql b/resources/sql/autopatches/20140911.fund.4.backer.sql
new file mode 100644
index 0000000000..1dd6815192
--- /dev/null
+++ b/resources/sql/autopatches/20140911.fund.4.backer.sql
@@ -0,0 +1,14 @@
+CREATE TABLE {$NAMESPACE}_fund.fund_backer (
+  id INT UNSIGNED NOT NULL AUTO_INCREMENT PRIMARY KEY,
+  phid VARCHAR(64) NOT NULL COLLATE utf8_bin,
+  initiativePHID VARCHAR(64) NOT NULL COLLATE utf8_bin,
+  backerPHID VARCHAR(64) NOT NULL COLLATE utf8_bin,
+  status VARCHAR(32) NOT NULL COLLATE utf8_bin,
+  amountInCents INT UNSIGNED NOT NULL,
+  properties LONGTEXT NOT NULL COLLATE utf8_bin,
+  dateCreated INT UNSIGNED NOT NULL,
+  dateModified INT UNSIGNED NOT NULL,
+  UNIQUE KEY `key_phid` (phid),
+  KEY `key_initiative` (initiativePHID),
+  KEY `key_backer` (backerPHID)
+) ENGINE=InnoDB, COLLATE utf8_general_ci;
diff --git a/resources/sql/autopatches/20140911.fund.5.backxaction.sql b/resources/sql/autopatches/20140911.fund.5.backxaction.sql
new file mode 100644
index 0000000000..e9b5acbc0c
--- /dev/null
+++ b/resources/sql/autopatches/20140911.fund.5.backxaction.sql
@@ -0,0 +1,19 @@
+CREATE TABLE {$NAMESPACE}_fund.fund_backertransaction (
+  id INT UNSIGNED NOT NULL AUTO_INCREMENT PRIMARY KEY,
+  phid VARCHAR(64) COLLATE utf8_bin NOT NULL,
+  authorPHID VARCHAR(64) COLLATE utf8_bin NOT NULL,
+  objectPHID VARCHAR(64) COLLATE utf8_bin NOT NULL,
+  viewPolicy VARCHAR(64) COLLATE utf8_bin NOT NULL,
+  editPolicy VARCHAR(64) COLLATE utf8_bin NOT NULL,
+  commentPHID VARCHAR(64) COLLATE utf8_bin DEFAULT NULL,
+  commentVersion INT UNSIGNED NOT NULL,
+  transactionType VARCHAR(32) COLLATE utf8_bin NOT NULL,
+  oldValue LONGTEXT COLLATE utf8_bin NOT NULL,
+  newValue LONGTEXT COLLATE utf8_bin NOT NULL,
+  contentSource LONGTEXT COLLATE utf8_bin NOT NULL,
+  metadata LONGTEXT COLLATE utf8_bin NOT NULL,
+  dateCreated INT UNSIGNED NOT NULL,
+  dateModified INT UNSIGNED NOT NULL,
+  UNIQUE KEY `key_phid` (`phid`),
+  KEY `key_object` (`objectPHID`)
+) ENGINE=InnoDB, COLLATE utf8_general_ci;
diff --git a/src/__phutil_library_map__.php b/src/__phutil_library_map__.php
index 5be56d262c..f7039595d4 100644
--- a/src/__phutil_library_map__.php
+++ b/src/__phutil_library_map__.php
@@ -654,17 +654,20 @@ phutil_register_library_map(array(
     'FlagDeleteConduitAPIMethod' => 'applications/flag/conduit/FlagDeleteConduitAPIMethod.php',
     'FlagEditConduitAPIMethod' => 'applications/flag/conduit/FlagEditConduitAPIMethod.php',
     'FlagQueryConduitAPIMethod' => 'applications/flag/conduit/FlagQueryConduitAPIMethod.php',
-    'FundBacking' => 'applications/fund/storage/FundBacking.php',
-    'FundBackingEditor' => 'applications/fund/editor/FundBackingEditor.php',
-    'FundBackingPHIDType' => 'applications/fund/phid/FundBackingPHIDType.php',
-    'FundBackingQuery' => 'applications/fund/query/FundBackingQuery.php',
-    'FundBackingTransaction' => 'applications/fund/storage/FundBackingTransaction.php',
-    'FundBackingTransactionQuery' => 'applications/fund/query/FundBackingTransactionQuery.php',
+    'FundBacker' => 'applications/fund/storage/FundBacker.php',
+    'FundBackerEditor' => 'applications/fund/editor/FundBackerEditor.php',
+    'FundBackerListController' => 'applications/fund/controller/FundBackerListController.php',
+    'FundBackerPHIDType' => 'applications/fund/phid/FundBackerPHIDType.php',
+    'FundBackerQuery' => 'applications/fund/query/FundBackerQuery.php',
+    'FundBackerSearchEngine' => 'applications/fund/query/FundBackerSearchEngine.php',
+    'FundBackerTransaction' => 'applications/fund/storage/FundBackerTransaction.php',
+    'FundBackerTransactionQuery' => 'applications/fund/query/FundBackerTransactionQuery.php',
     'FundController' => 'applications/fund/controller/FundController.php',
     'FundCreateInitiativesCapability' => 'applications/fund/capability/FundCreateInitiativesCapability.php',
     'FundDAO' => 'applications/fund/storage/FundDAO.php',
     'FundDefaultViewCapability' => 'applications/fund/capability/FundDefaultViewCapability.php',
     'FundInitiative' => 'applications/fund/storage/FundInitiative.php',
+    'FundInitiativeBackController' => 'applications/fund/controller/FundInitiativeBackController.php',
     'FundInitiativeCloseController' => 'applications/fund/controller/FundInitiativeCloseController.php',
     'FundInitiativeEditController' => 'applications/fund/controller/FundInitiativeEditController.php',
     'FundInitiativeEditor' => 'applications/fund/editor/FundInitiativeEditor.php',
@@ -3445,16 +3448,18 @@ phutil_register_library_map(array(
     'FlagDeleteConduitAPIMethod' => 'FlagConduitAPIMethod',
     'FlagEditConduitAPIMethod' => 'FlagConduitAPIMethod',
     'FlagQueryConduitAPIMethod' => 'FlagConduitAPIMethod',
-    'FundBacking' => array(
+    'FundBacker' => array(
       'FundDAO',
       'PhabricatorPolicyInterface',
       'PhabricatorApplicationTransactionInterface',
     ),
-    'FundBackingEditor' => 'PhabricatorApplicationTransactionEditor',
-    'FundBackingPHIDType' => 'PhabricatorPHIDType',
-    'FundBackingQuery' => 'PhabricatorCursorPagedPolicyAwareQuery',
-    'FundBackingTransaction' => 'PhabricatorApplicationTransaction',
-    'FundBackingTransactionQuery' => 'PhabricatorApplicationTransactionQuery',
+    'FundBackerEditor' => 'PhabricatorApplicationTransactionEditor',
+    'FundBackerListController' => 'FundController',
+    'FundBackerPHIDType' => 'PhabricatorPHIDType',
+    'FundBackerQuery' => 'PhabricatorCursorPagedPolicyAwareQuery',
+    'FundBackerSearchEngine' => 'PhabricatorApplicationSearchEngine',
+    'FundBackerTransaction' => 'PhabricatorApplicationTransaction',
+    'FundBackerTransactionQuery' => 'PhabricatorApplicationTransactionQuery',
     'FundController' => 'PhabricatorController',
     'FundCreateInitiativesCapability' => 'PhabricatorPolicyCapability',
     'FundDAO' => 'PhabricatorLiskDAO',
@@ -3470,6 +3475,7 @@ phutil_register_library_map(array(
       'PhabricatorTokenReceiverInterface',
       'PhabricatorDestructibleInterface',
     ),
+    'FundInitiativeBackController' => 'FundController',
     'FundInitiativeCloseController' => 'FundController',
     'FundInitiativeEditController' => 'FundController',
     'FundInitiativeEditor' => 'PhabricatorApplicationTransactionEditor',
diff --git a/src/applications/fund/application/PhabricatorFundApplication.php b/src/applications/fund/application/PhabricatorFundApplication.php
index 38da9b812a..e1a04520b8 100644
--- a/src/applications/fund/application/PhabricatorFundApplication.php
+++ b/src/applications/fund/application/PhabricatorFundApplication.php
@@ -42,8 +42,11 @@ final class PhabricatorFundApplication extends PhabricatorApplication {
       '/fund/' => array(
         '(?:query/(?P<queryKey>[^/]+)/)?' => 'FundInitiativeListController',
         'create/' => 'FundInitiativeEditController',
-        'edit/(?:(?P<id>[^/]+)/)?' => 'FundInitiativeEditController',
-        'close/(?P<id>[^/]+)/' => 'FundInitiativeCloseController',
+        'edit/(?:(?P<id>\d+)/)?' => 'FundInitiativeEditController',
+        'close/(?P<id>\d+)/' => 'FundInitiativeCloseController',
+        'back/(?P<id>\d+)/' => 'FundInitiativeBackController',
+        'backers/(?:(?P<id>\d+)/)?(?:query/(?P<queryKey>[^/]+)/)?'
+          => 'FundBackerListController',
       ),
     );
   }
diff --git a/src/applications/fund/controller/FundBackerListController.php b/src/applications/fund/controller/FundBackerListController.php
new file mode 100644
index 0000000000..157e1be4b0
--- /dev/null
+++ b/src/applications/fund/controller/FundBackerListController.php
@@ -0,0 +1,78 @@
+<?php
+
+final class FundBackerListController
+  extends FundController {
+
+  private $id;
+  private $queryKey;
+  private $initiative;
+
+  public function willProcessRequest(array $data) {
+    $this->id = idx($data, 'id');
+    $this->queryKey = idx($data, 'queryKey');
+  }
+
+  public function processRequest() {
+    $request = $this->getRequest();
+
+    if ($this->id) {
+      $this->initiative = id(new FundInitiativeQuery())
+        ->setViewer($request->getUser())
+        ->withIDs(array($this->id))
+        ->executeOne();
+      if (!$this->initiative) {
+        return new Aphront404Response();
+      }
+    }
+
+    $controller = id(new PhabricatorApplicationSearchController($request))
+      ->setQueryKey($this->queryKey)
+      ->setSearchEngine($this->getEngine())
+      ->setNavigation($this->buildSideNavView());
+
+    return $this->delegateToController($controller);
+  }
+
+  public function buildSideNavView() {
+    $user = $this->getRequest()->getUser();
+
+    $nav = new AphrontSideNavFilterView();
+    $nav->setBaseURI(new PhutilURI($this->getApplicationURI()));
+
+    $this->getEngine()->addNavigationItems($nav->getMenu());
+
+    $nav->selectFilter(null);
+
+    return $nav;
+  }
+
+  protected function buildApplicationCrumbs() {
+    $crumbs = parent::buildApplicationCrumbs();
+    $crumbs->addTextCrumb(
+      pht('Backers'),
+      $this->getApplicationURI('backers/'));
+
+    if ($this->initiative) {
+      $crumbs->addTextCrumb(
+        $this->initiative->getMonogram(),
+        '/'.$this->initiative->getMonogram());
+    }
+
+    return $crumbs;
+  }
+
+  private function getEngine() {
+    $request = $this->getRequest();
+    $viewer = $request->getUser();
+
+    $engine = id(new FundBackerSearchEngine())
+      ->setViewer($viewer);
+
+    if ($this->initiative) {
+      $engine->setInitiative($this->initiative);
+    }
+
+    return $engine;
+  }
+
+}
diff --git a/src/applications/fund/controller/FundInitiativeBackController.php b/src/applications/fund/controller/FundInitiativeBackController.php
new file mode 100644
index 0000000000..042cf2eb0a
--- /dev/null
+++ b/src/applications/fund/controller/FundInitiativeBackController.php
@@ -0,0 +1,100 @@
+<?php
+
+final class FundInitiativeBackController
+  extends FundController {
+
+  private $id;
+
+  public function willProcessRequest(array $data) {
+    $this->id = $data['id'];
+  }
+
+  public function processRequest() {
+    $request = $this->getRequest();
+    $viewer = $request->getUser();
+
+    $initiative = id(new FundInitiativeQuery())
+      ->setViewer($viewer)
+      ->withIDs(array($this->id))
+      ->executeOne();
+    if (!$initiative) {
+      return new Aphront404Response();
+    }
+
+    $initiative_uri = '/'.$initiative->getMonogram();
+
+    if ($initiative->isClosed()) {
+      return $this->newDialog()
+        ->setTitle(pht('Initiative Closed'))
+        ->appendParagraph(
+          pht('You can not back a closed initiative.'))
+        ->addCancelButton($initiative_uri);
+    }
+
+    $v_amount = null;
+    $e_amount = true;
+    $errors = array();
+    if ($request->isFormPost()) {
+      $v_amount = $request->getStr('amount');
+
+      if (!strlen($v_amount)) {
+        $errors[] = pht(
+          'You must specify how much money you want to contribute to the '.
+          'initiative.');
+        $e_amount = pht('Required');
+      } else {
+        try {
+          $currency = PhortuneCurrency::newFromUserInput(
+            $viewer,
+            $v_amount);
+        } catch (Exception $ex) {
+          $errors[] = $ex->getMessage();
+          $e_amount = pht('Invalid');
+        }
+      }
+
+      if (!$errors) {
+        $backer = FundBacker::initializeNewBacker($viewer)
+          ->setInitiativePHID($initiative->getPHID())
+          ->attachInitiative($initiative)
+          ->setAmountInCents($currency->getValue())
+          ->save();
+
+        // TODO: Here, we'd create a purchase and cart.
+
+        $xactions = array();
+
+        $xactions[] = id(new FundBackerTransaction())
+          ->setTransactionType(FundBackerTransaction::TYPE_STATUS)
+          ->setNewValue(FundBacker::STATUS_IN_CART);
+
+        $editor = id(new FundBackerEditor())
+          ->setActor($viewer)
+          ->setContentSourceFromRequest($request);
+
+        $editor->applyTransactions($backer, $xactions);
+
+        // TODO: Here, we'd ship the user into Phortune.
+
+        return id(new AphrontRedirectResponse())->setURI($initiative_uri);
+      }
+    }
+
+    $form = id(new AphrontFormView())
+      ->setUser($viewer)
+      ->appendChild(
+        id(new AphrontFormTextControl())
+          ->setName('amount')
+          ->setLabel(pht('Amount'))
+          ->setValue($v_amount)
+          ->setError($e_amount));
+
+    return $this->newDialog()
+      ->setTitle(pht('Back Initiative'))
+      ->setErrors($errors)
+      ->appendChild($form->buildLayoutView())
+      ->addCancelButton($initiative_uri)
+      ->addSubmitButton(pht('Continue'));
+  }
+
+}
diff --git a/src/applications/fund/controller/FundInitiativeCloseController.php b/src/applications/fund/controller/FundInitiativeCloseController.php
index 860f52707b..803b6242cf 100644
--- a/src/applications/fund/controller/FundInitiativeCloseController.php
+++ b/src/applications/fund/controller/FundInitiativeCloseController.php
@@ -55,7 +55,9 @@ final class FundInitiativeCloseController
 
     if ($is_close) {
       $title = pht('Close Initiative?');
-      $body = pht('Really close this initiative?');
+      $body = pht(
+        'Really close this initiative? Users will no longer be able to '.
+        'back it.');
       $button_text = pht('Close Initiative');
     } else {
       $title = pht('Reopen Initiative?');
diff --git a/src/applications/fund/controller/FundInitiativeListController.php b/src/applications/fund/controller/FundInitiativeListController.php
index c14bf986cc..ad7fd1cf97 100644
--- a/src/applications/fund/controller/FundInitiativeListController.php
+++ b/src/applications/fund/controller/FundInitiativeListController.php
@@ -28,6 +28,10 @@ final class FundInitiativeListController
     id(new FundInitiativeSearchEngine())
       ->setViewer($user)
       ->addNavigationItems($nav->getMenu());
+
+    $nav->addLabel(pht('Backers'));
+    $nav->addFilter('backers/', pht('Find Backers'));
+
     $nav->selectFilter(null);
 
     return $nav;
diff --git a/src/applications/fund/controller/FundInitiativeViewController.php b/src/applications/fund/controller/FundInitiativeViewController.php
index 794380e409..ad2f8bf471 100644
--- a/src/applications/fund/controller/FundInitiativeViewController.php
+++ b/src/applications/fund/controller/FundInitiativeViewController.php
@@ -143,6 +143,20 @@ final class FundInitiativeViewController
         ->setWorkflow(true)
         ->setHref($this->getApplicationURI("/close/{$id}/")));
 
+    $view->addAction(
+      id(new PhabricatorActionView())
+        ->setName(pht('Back Initiative'))
+        ->setIcon('fa-money')
+        ->setDisabled($initiative->isClosed())
+        ->setWorkflow(true)
+        ->setHref($this->getApplicationURI("/back/{$id}/")));
+
+    $view->addAction(
+      id(new PhabricatorActionView())
+        ->setName(pht('View Backers'))
+        ->setIcon('fa-bank')
+        ->setHref($this->getApplicationURI("/backers/{$id}/")));
+
     return $view;
   }
 
diff --git a/src/applications/fund/editor/FundBackerEditor.php b/src/applications/fund/editor/FundBackerEditor.php
new file mode 100644
index 0000000000..067f9ce64c
--- /dev/null
+++ b/src/applications/fund/editor/FundBackerEditor.php
@@ -0,0 +1,69 @@
+<?php
+
+final class FundBackerEditor
+  extends PhabricatorApplicationTransactionEditor {
+
+  public function getEditorApplicationClass() {
+    return 'PhabricatorFundApplication';
+  }
+
+  public function getEditorObjectsDescription() {
+    return pht('Fund Backing');
+  }
+
+  public function getTransactionTypes() {
+    $types = parent::getTransactionTypes();
+    $types[] = FundBackerTransaction::TYPE_STATUS;
+
+    return $types;
+  }
+
+  protected function getCustomTransactionOldValue(
+    PhabricatorLiskDAO $object,
+    PhabricatorApplicationTransaction $xaction) {
+    switch ($xaction->getTransactionType()) {
+      case FundBackerTransaction::TYPE_STATUS:
+        return $object->getStatus();
+    }
+
+    return parent::getCustomTransactionOldValue($object, $xaction);
+  }
+
+  protected function getCustomTransactionNewValue(
+    PhabricatorLiskDAO $object,
+    PhabricatorApplicationTransaction $xaction) {
+
+    switch ($xaction->getTransactionType()) {
+      case FundBackerTransaction::TYPE_STATUS:
+        return $xaction->getNewValue();
+    }
+
+    return parent::getCustomTransactionNewValue($object, $xaction);
+  }
+
+  protected function applyCustomInternalTransaction(
+    PhabricatorLiskDAO $object,
+    PhabricatorApplicationTransaction $xaction) {
+
+    switch ($xaction->getTransactionType()) {
+      case FundBackerTransaction::TYPE_STATUS:
+        $object->setStatus($xaction->getNewValue());
+        return;
+    }
+
+    return parent::applyCustomInternalTransaction($object, $xaction);
+  }
+
+  protected function applyCustomExternalTransaction(
+    PhabricatorLiskDAO $object,
+    PhabricatorApplicationTransaction $xaction) {
+
+    switch ($xaction->getTransactionType()) {
+      case FundBackerTransaction::TYPE_STATUS:
+        return;
+    }
+
+    return parent::applyCustomExternalTransaction($object, $xaction);
+  }
+
+}
diff --git a/src/applications/fund/editor/FundBackingEditor.php b/src/applications/fund/editor/FundBackingEditor.php
deleted file mode 100644
index bd34e0a8d5..0000000000
--- a/src/applications/fund/editor/FundBackingEditor.php
+++ /dev/null
@@ -1,13 +0,0 @@
-<?php
-
-final class FundBackingEditor
-  extends PhabricatorApplicationTransactionEditor {
-
-  public function getEditorApplicationClass() {
-    return 'PhabricatorFundApplication';
-  }
-
-  public function getEditorObjectsDescription() {
-    return pht('Fund Backing');
-  }
-}
diff --git a/src/applications/fund/phid/FundBackingPHIDType.php b/src/applications/fund/phid/FundBackerPHIDType.php
similarity index 92%
rename from src/applications/fund/phid/FundBackingPHIDType.php
rename to src/applications/fund/phid/FundBackerPHIDType.php
index 7bd91fe71a..f5f1258334 100644
--- a/src/applications/fund/phid/FundBackingPHIDType.php
+++ b/src/applications/fund/phid/FundBackerPHIDType.php
@@ -1,6 +1,6 @@
 <?php
 
-final class FundBackingPHIDType extends PhabricatorPHIDType {
+final class FundBackerPHIDType extends PhabricatorPHIDType {
 
   const TYPECONST = 'FBAK';
 
diff --git a/src/applications/fund/query/FundBackerQuery.php b/src/applications/fund/query/FundBackerQuery.php
new file mode 100644
index 0000000000..5a2b89ac84
--- /dev/null
+++ b/src/applications/fund/query/FundBackerQuery.php
@@ -0,0 +1,105 @@
+<?php
+
+final class FundBackerQuery
+  extends PhabricatorCursorPagedPolicyAwareQuery {
+
+  private $ids;
+  private $phids;
+
+  private $initiativePHIDs;
+  private $backerPHIDs;
+
+  public function withIDs(array $ids) {
+    $this->ids = $ids;
+    return $this;
+  }
+
+  public function withPHIDs(array $phids) {
+    $this->phids = $phids;
+    return $this;
+  }
+
+  public function withInitiativePHIDs(array $phids) {
+    $this->initiativePHIDs = $phids;
+    return $this;
+  }
+
+  public function withBackerPHIDs(array $phids) {
+    $this->backerPHIDs = $phids;
+    return $this;
+  }
+
+  protected function loadPage() {
+    $table = new FundBacker();
+    $conn_r = $table->establishConnection('r');
+
+    $rows = queryfx_all(
+      $conn_r,
+      'SELECT * FROM %T %Q %Q %Q',
+      $table->getTableName(),
+      $this->buildWhereClause($conn_r),
+      $this->buildOrderClause($conn_r),
+      $this->buildLimitClause($conn_r));
+
+    return $table->loadAllFromArray($rows);
+  }
+
+  protected function willFilterPage(array $backers) {
+    $initiative_phids = mpull($backers, 'getInitiativePHID');
+    $initiatives = id(new PhabricatorObjectQuery())
+      ->setParentQuery($this)
+      ->setViewer($this->getViewer())
+      ->withPHIDs($initiative_phids)
+      ->execute();
+    $initiatives = mpull($initiatives, null, 'getPHID');
+
+    foreach ($backers as $backer) {
+      $initiative_phid = $backer->getInitiativePHID();
+      $initiative = idx($initiatives, $initiative_phid);
+      $backer->attachInitiative($initiative);
+    }
+
+    return $backers;
+  }
+
+  private function buildWhereClause(AphrontDatabaseConnection $conn_r) {
+    $where = array();
+
+    $where[] = $this->buildPagingClause($conn_r);
+
+    if ($this->ids !== null) {
+      $where[] = qsprintf(
+        $conn_r,
+        'id IN (%Ld)',
+        $this->ids);
+    }
+
+    if ($this->phids !== null) {
+      $where[] = qsprintf(
+        $conn_r,
+        'phid IN (%Ls)',
+        $this->phids);
+    }
+
+    if ($this->initiativePHIDs !== null) {
+      $where[] = qsprintf(
+        $conn_r,
+        'initiativePHID IN (%Ls)',
+        $this->initiativePHIDs);
+    }
+
+    if ($this->backerPHIDs !== null) {
+      $where[] = qsprintf(
+        $conn_r,
+        'backerPHID IN (%Ls)',
+        $this->backerPHIDs);
+    }
+
+    return $this->formatWhereClause($where);
+  }
+
+  public function getQueryApplicationClass() {
+    return 'PhabricatorFundApplication';
+  }
+
+}
diff --git a/src/applications/fund/query/FundBackerSearchEngine.php b/src/applications/fund/query/FundBackerSearchEngine.php
new file mode 100644
index 0000000000..6c3469afff
--- /dev/null
+++ b/src/applications/fund/query/FundBackerSearchEngine.php
@@ -0,0 +1,153 @@
+<?php
+
+final class FundBackerSearchEngine
+  extends PhabricatorApplicationSearchEngine {
+
+  private $initiative;
+
+  public function setInitiative(FundInitiative $initiative) {
+    $this->initiative = $initiative;
+    return $this;
+  }
+
+  public function getInitiative() {
+    return $this->initiative;
+  }
+
+  public function getResultTypeDescription() {
+    return pht('Fund Backers');
+  }
+
+  public function getApplicationClassName() {
+    return 'PhabricatorFundApplication';
+  }
+
+  public function buildSavedQueryFromRequest(AphrontRequest $request) {
+    $saved = new PhabricatorSavedQuery();
+
+    $saved->setParameter(
+      'backerPHIDs',
+      $this->readUsersFromRequest($request, 'backers'));
+
+    return $saved;
+  }
+
+  public function buildQueryFromSavedQuery(PhabricatorSavedQuery $saved) {
+    $query = id(new FundBackerQuery());
+
+    if ($this->getInitiative()) {
+      $query->withInitiativePHIDs(
+        array(
+          $this->getInitiative()->getPHID(),
+        ));
+    }
+
+    $backer_phids = $saved->getParameter('backerPHIDs');
+    if ($backer_phids) {
+      $query->withBackerPHIDs($backer_phids);
+    }
+
+    return $query;
+  }
+
+  public function buildSearchForm(
+    AphrontFormView $form,
+    PhabricatorSavedQuery $saved) {
+
+
+    $backer_phids = $saved->getParameter('backerPHIDs', array());
+
+    $all_phids = array_mergev(
+      array(
+        $backer_phids,
+      ));
+
+    $handles = id(new PhabricatorHandleQuery())
+      ->setViewer($this->requireViewer())
+      ->withPHIDs($all_phids)
+      ->execute();
+
+    $form
+      ->appendChild(
+        id(new AphrontFormTokenizerControl())
+          ->setLabel(pht('Backers'))
+          ->setName('backers')
+          ->setDatasource(new PhabricatorPeopleDatasource())
+          ->setValue(array_select_keys($handles, $backer_phids)));
+  }
+
+  protected function getURI($path) {
+    if ($this->getInitiative()) {
+      return '/fund/backers/'.$this->getInitiative()->getID().'/'.$path;
+    } else {
+      return '/fund/backers/'.$path;
+    }
+  }
+
+  public function getBuiltinQueryNames() {
+    $names = array();
+    $names['all'] = pht('All Backers');
+
+    return $names;
+  }
+
+  public function buildSavedQueryFromBuiltin($query_key) {
+    $query = $this->newSavedQuery();
+    $query->setQueryKey($query_key);
+
+    switch ($query_key) {
+      case 'all':
+        return $query;
+    }
+
+    return parent::buildSavedQueryFromBuiltin($query_key);
+  }
+
+  protected function getRequiredHandlePHIDsForResultList(
+    array $backers,
+    PhabricatorSavedQuery $query) {
+
+    $phids = array();
+    foreach ($backers as $backer) {
+      $phids[] = $backer->getBackerPHID();
+      $phids[] = $backer->getInitiativePHID();
+    }
+
+    return $phids;
+  }
+
+  protected function renderResultList(
+    array $backers,
+    PhabricatorSavedQuery $query,
+    array $handles) {
+    assert_instances_of($backers, 'FundBacker');
+
+    $viewer = $this->requireViewer();
+
+    $list = id(new PHUIObjectItemListView());
+    foreach ($backers as $backer) {
+      $backer_handle = $handles[$backer->getBackerPHID()];
+
+      $currency = PhortuneCurrency::newFromUSDCents(
+        $backer->getAmountInCents());
+
+      $header = pht(
+        '%s for %s',
+        $currency->formatForDisplay(),
+        $handles[$backer->getInitiativePHID()]->renderLink());
+
+      $item = id(new PHUIObjectItemView())
+        ->setHeader($header)
+        ->addIcon(
+          'none',
+          phabricator_datetime($backer->getDateCreated(), $viewer))
+        ->addByline(pht('Backer: %s', $backer_handle->renderLink()));
+
+      $list->addItem($item);
+    }
+
+
+    return $list;
+  }
+
+}
diff --git a/src/applications/fund/query/FundBackingTransactionQuery.php b/src/applications/fund/query/FundBackerTransactionQuery.php
similarity index 60%
rename from src/applications/fund/query/FundBackingTransactionQuery.php
rename to src/applications/fund/query/FundBackerTransactionQuery.php
index 34ad3ea647..9ba1506add 100644
--- a/src/applications/fund/query/FundBackingTransactionQuery.php
+++ b/src/applications/fund/query/FundBackerTransactionQuery.php
@@ -1,10 +1,10 @@
 <?php
 
-final class FundBackingTransactionQuery
+final class FundBackerTransactionQuery
   extends PhabricatorApplicationTransactionQuery {
 
   public function getTemplateApplicationTransaction() {
-    return new FundBackingTransaction();
+    return new FundBackerTransaction();
   }
 
 }
diff --git a/src/applications/fund/query/FundBackingQuery.php b/src/applications/fund/query/FundBackingQuery.php
deleted file mode 100644
index 68aa999e24..0000000000
--- a/src/applications/fund/query/FundBackingQuery.php
+++ /dev/null
@@ -1,60 +0,0 @@
-<?php
-
-final class FundBackingQuery
-  extends PhabricatorCursorPagedPolicyAwareQuery {
-
-  private $ids;
-  private $phids;
-
-  public function withIDs(array $ids) {
-    $this->ids = $ids;
-    return $this;
-  }
-
-  public function withPHIDs(array $phids) {
-    $this->phids = $phids;
-    return $this;
-  }
-
-  protected function loadPage() {
-    $table = new FundBacking();
-    $conn_r = $table->establishConnection('r');
-
-    $rows = queryfx_all(
-      $conn_r,
-      'SELECT * FROM %T %Q %Q %Q',
-      $table->getTableName(),
-      $this->buildWhereClause($conn_r),
-      $this->buildOrderClause($conn_r),
-      $this->buildLimitClause($conn_r));
-
-    return $table->loadAllFromArray($rows);
-  }
-
-  private function buildWhereClause(AphrontDatabaseConnection $conn_r) {
-    $where = array();
-
-    $where[] = $this->buildPagingClause($conn_r);
-
-    if ($this->ids !== null) {
-      $where[] = qsprintf(
-        $conn_r,
-        'id IN (%Ld)',
-        $this->ids);
-    }
-
-    if ($this->phids !== null) {
-      $where[] = qsprintf(
-        $conn_r,
-        'phid IN (%Ls)',
-        $this->phids);
-    }
-
-    return $this->formatWhereClause($where);
-  }
-
-  public function getQueryApplicationClass() {
-    return 'PhabricatorFundApplication';
-  }
-
-}
diff --git a/src/applications/fund/storage/FundBacking.php b/src/applications/fund/storage/FundBacker.php
similarity index 65%
rename from src/applications/fund/storage/FundBacking.php
rename to src/applications/fund/storage/FundBacker.php
index 31104bf2ed..4cdaafb9bd 100644
--- a/src/applications/fund/storage/FundBacking.php
+++ b/src/applications/fund/storage/FundBacker.php
@@ -1,27 +1,43 @@
 <?php
 
-final class FundBacking extends FundDAO
+final class FundBacker extends FundDAO
   implements
     PhabricatorPolicyInterface,
     PhabricatorApplicationTransactionInterface {
 
   protected $initiativePHID;
   protected $backerPHID;
-  protected $purchasePHID;
   protected $amountInCents;
   protected $status;
   protected $properties = array();
 
   private $initiative = self::ATTACHABLE;
 
+  const STATUS_NEW = 'new';
+  const STATUS_IN_CART = 'in-cart';
+
+  public static function initializeNewBacker(PhabricatorUser $actor) {
+    return id(new FundBacker())
+      ->setBackerPHID($actor->getPHID())
+      ->setStatus(self::STATUS_NEW);
+  }
+
   public function getConfiguration() {
     return array(
       self::CONFIG_AUX_PHID => true,
+      self::CONFIG_SERIALIZATION => array(
+        'properties' => self::SERIALIZATION_JSON,
+      ),
     ) + parent::getConfiguration();
   }
 
   public function generatePHID() {
-    return PhabricatorPHID::generateNewPHID(FundBackingPHIDType::TYPECONST);
+    return PhabricatorPHID::generateNewPHID(FundBackerPHIDType::TYPECONST);
+  }
+
+  protected function didReadData() {
+    // The payment processing code is strict about types.
+    $this->amountInCents = (int)$this->amountInCents;
   }
 
   public function getProperty($key, $default = null) {
@@ -33,6 +49,15 @@ final class FundBacking extends FundDAO
     return $this;
   }
 
+  public function getInitiative() {
+    return $this->assertAttached($this->initiative);
+  }
+
+  public function attachInitiative(FundInitiative $initiative = null) {
+    $this->initiative = $initiative;
+    return $this;
+  }
+
 
 /* -(  PhabricatorPolicyInterface  )----------------------------------------- */
 
@@ -48,7 +73,7 @@ final class FundBacking extends FundDAO
       case PhabricatorPolicyCapability::CAN_VIEW:
         // If we have the initiative, use the initiative's policy.
         // Otherwise, return NOONE. This allows the backer to continue seeing
-        // a backing even if they're no longer allowed to see the initiative.
+        // a backer even if they're no longer allowed to see the initiative.
 
         $initiative = $this->getInitiative();
         if ($initiative) {
@@ -71,7 +96,7 @@ final class FundBacking extends FundDAO
 
 
   public function getApplicationTransactionEditor() {
-    return new FundBackingEditor();
+    return new FundBackerEditor();
   }
 
   public function getApplicationTransactionObject() {
@@ -79,7 +104,7 @@ final class FundBacking extends FundDAO
   }
 
   public function getApplicationTransactionTemplate() {
-    return new FundBackingTransaction();
+    return new FundBackerTransaction();
   }
 
 }
diff --git a/src/applications/fund/storage/FundBackingTransaction.php b/src/applications/fund/storage/FundBackerTransaction.php
similarity index 68%
rename from src/applications/fund/storage/FundBackingTransaction.php
rename to src/applications/fund/storage/FundBackerTransaction.php
index 79fd55f0bd..28aed38d29 100644
--- a/src/applications/fund/storage/FundBackingTransaction.php
+++ b/src/applications/fund/storage/FundBackerTransaction.php
@@ -1,14 +1,16 @@
 <?php
 
-final class FundBackingTransaction
+final class FundBackerTransaction
   extends PhabricatorApplicationTransaction {
 
+  const TYPE_STATUS = 'fund:backer:status';
+
   public function getApplicationName() {
     return 'fund';
   }
 
   public function getApplicationTransactionType() {
-    return FundBackingPHIDType::TYPECONST;
+    return FundBackerPHIDType::TYPECONST;
   }
 
   public function getApplicationTransactionCommentObject() {
diff --git a/src/applications/fund/storage/FundInitiative.php b/src/applications/fund/storage/FundInitiative.php
index 680f3dbbdb..5896225354 100644
--- a/src/applications/fund/storage/FundInitiative.php
+++ b/src/applications/fund/storage/FundInitiative.php
@@ -93,11 +93,12 @@ final class FundInitiative extends FundDAO
   }
 
   public function hasAutomaticCapability($capability, PhabricatorUser $viewer) {
-    return false;
+    return ($viewer->getPHID() == $this->getOwnerPHID());
   }
 
   public function describeAutomaticCapability($capability) {
-    return null;
+    return pht(
+      'The owner of an initiative can always view and edit it.');
   }