Genesis of dMatrix Development Foundation (dMatrix) is Gram Swaraj Sewa Trust (GSST). GSST has been involved since 1988 in social development initiatives more particularly in the domain of NABARD supported Integrated Watershed Development Programmes and SHG Promotion and Credit Linkage Programmes. The area of operation of GSST is primarily Wardha and Yavatmal districts of Maharashtra.

As a measure to bring about greater impact on the community by providing increased access to financial services GSST facilitated microfinance in March 2009 under the banner of dMatrix Development Foundation with technical support from MicroSave.