Is there any relation between density matrix renormalization group (DMRG) and renormalization group (RG)?

Probably I am going to receive many down-votes for this post but I really need to ask this question here.

I am new to statistical mechanics.

I wanted to learn Density Matrix Renormalization Group (DMRG) to simulate a 1D many-body system. Before going into DMRG, I decided to learn RG. But when I searched RG on Google I come to know that there are many other concepts which are related with RG, for example, scaling, infinite correlation length $$\zeta$$ and universality.

After reading some introductory level material about RG, I feel like I have some idea of all these terms. If I am to give one-liner of all my (naive) understanding about RG, I would say "near a phase transition point, the correlation length is the most important length scale (which diverges to infinity), as we can not have infinite system, so we rescale our finite system to bigger scales and then renormalize the physical quantities of interest."

Now from here, I can not see in which direction DMRG is.

My question

How to get to DMRG from RG? Is there any relation between these two?